随着山寨币获得关注，PEPE 币努力重复过去的成功，但 12 月可能为另一个 ATH 奠定基础

与上一个周期相比，资金流出比特币[BTC]的性质已经发生了变化。与加密货币交易所用户不同，机构投资者

Pepe [PEPE] coin has struggled in recent times, posting a nearly 7% weekly decline. While this may seem minor, the contrast in capital influx is stark when compared to altcoins. However, this may just be a ‘temporary’ blip, not a permanent trend. After all, PEPE coin hit key milestones in the post-election cycle, smashing through resistance at $0.000020 and reaching an all-time high of $0.00002524 just two weeks ago.

Pepe [PEPE] 代币近期表现不佳，每周下跌近 7%。虽然这看起来微不足道，但与山寨币相比，资本流入的对比却很鲜明。然而，这可能只是“暂时”的现象，而不是永久的趋势。毕竟，PEPE 代币在选举后周期中达到了关键里程碑，突破了 0.000020 美元的阻力位，并在两周前达到了 0.00002524 美元的历史新高。

A correction was inevitable as trading volume surged to a record 214 trillion, signaling an overheated market. As a result, two consecutive weeks of downtrend have positioned PEPE coin below its earlier resistance, now valued at $0.00001923 (at the time of writing).

随着交易量飙升至创纪录的 214 万亿美元，预示着市场过热，调整不可避免。因此，连续两周的下跌趋势使 PEPE 代币低于其先前的阻力位，目前价值为 0.00001923 美元（在撰写本文时）。

Is PEPE coin ready to break another ATH by December?

PEPE 币准备好在 12 月之前突破另一个 ATH 了吗？

The MACD crossover on the daily chart has turned bearish, signaling further downside. This suggests that a bottom has not yet formed, making a rebound before the end of this month less likely.

日线图上的 MACD 交叉已转为看跌，预示着进一步下行。这表明底部尚未形成，本月底之前反弹的可能性较小。

However, December could set the stage for PEPE to break past $0.00002600. Though, it won’t be an easy feat, given the extreme volatility expected as bulls aim to push BTC above $100K before the end of Q4.

然而，12 月可能为 PEPE 突破 0.00002600 美元奠定基础。不过，考虑到多头的目标是在第四季度末之前将 BTC 推升至 10 万美元以上，预计将出现极端波动，这并不是一件容易的事。

As mentioned earlier, this cycle has solidified altcoins as a superior asset class. A Bitcoin bull run, therefore, is likely to push memecoins toward previous resistance levels, though reaching an all-time high may prove difficult.

如前所述，这一周期巩固了山寨币作为优质资产类别的地位。因此，比特币牛市可能会将模因币推向之前的阻力位，尽管达到历史新高可能会很困难。

Interestingly, whales began accumulating PEPE coin a day before it hit its ATH, with an astounding 4.1 trillion tokens being withdrawn.

有趣的是，鲸鱼在 PEPE 币达到最高峰值的前一天就开始积累，撤回的代币数量高达 4.1 万亿，数量惊人。

However, since then, whales have started offloading, keeping the memecoin on a downtrend. This impact is understandable, as memecoins rely heavily on large HODLers to break key resistance points.

然而，从那时起，鲸鱼开始抛售，使模因币保持下跌趋势。这种影响是可以理解的，因为模因币严重依赖大型持有者来突破关键阻力点。

Meanwhile, spot traders have reacted differently. Over the past three days, PEPE coin has posted a ‘slight’ uptick, with daily gains exceeding 2%, keeping the price within the $0.0000180–$0.0000200 band.

与此同时，现货交易商的反应有所不同。过去三天，PEPE 币出现“小幅”上涨，每日涨幅超过 2%，将价格保持在 0.0000180 美元至 0.0000200 美元的区间内。

This anomaly underscores the influence whales wield in dictating PEPE’s price action. Therefore, to reach a new ATH before the end of this cycle, monitoring whale activity will be crucial in pinpointing where the next local bottom forms.

这种异常现象凸显了鲸鱼在决定 PEPE 价格走势方面的影响力。因此，为了在本周期结束之前达到新的最高点，监测鲸鱼活动对于确定下一个局部底部形成的位置至关重要。

A historical pattern identified by AMBCrypto underscores the challenges ahead for the memecoin community as altcoins continue gaining notable traction. Typically, as Bitcoin nears a psychologically significant price point, investors shift focus to high-cap tokens, seeking affordability to minimize losses and maximize returns.

AMBCrypto 发现的历史模式凸显了随着山寨币继续获得显着关注，模因币社区面临的挑战。通常，当比特币接近心理上重要的价格点时，投资者会将注意力转向高市值代币，寻求可承受性以最小化损失并最大化回报。

Until the last cycle, memecoins were the primary beneficiaries of this strategy, posting higher highs as BTC hit market tops. For instance, in mid-May, PEPE coin saw a week of consecutive green candlesticks, with daily gains of 20%, coinciding with a period when Bitcoin faced rejection at $70K after hitting an ATH of $73K two months earlier.

直到上一个周期，模因币都是这一策略的主要受益者，随着比特币触及市场顶部，它们创下了更高的高点。例如，5 月中旬，PEPE 代币连续一周呈现绿色烛台，日涨幅为 20%，恰逢比特币在两个月前触及 7.3 万美元 ATH 后在 7 万美元处遭遇拒绝的时期。

In simple terms, PEPE became a strong contender for investors looking to re-allocate profits from Bitcoin’s bull run, helping it post a new ATH of $0.00001673.

简而言之，PEPE 成为希望重新分配比特币牛市利润的投资者的有力竞争者，帮助其创下 0.00001673 美元的新 ATH。

However, this cycle has been different. While BTC surged to new highs, altcoins have held PEPE back from repeating its past success. Just a week before BTC hit an ATH of $99K, PEPE had already started its downward slide, with weak hands getting shaken out.

然而，这个周期有所不同。尽管 BTC 飙升至新高，但山寨币却阻止了 PEPE 重复过去的成功。就在 BTC 触及 9.9 万美元的前一周，PEPE 已经开始下滑，弱手被淘汰。

Without bullish backing from whales, PEPE’s price couldn’t maintain its momentum and instead retraced.

如果没有鲸鱼的看涨支持，PEPE 的价格无法维持其势头，反而出现回调。

Therefore, the path forward for PEPE coin is far from smooth. Unless this trend reverses, memecoins will remain at the mercy of large HODLers for support – who will only intervene if investors begin viewing memecoins as a legitimate asset class, shifting their focus away from altcoins.

因此，PEPE币的前进之路远非一帆风顺。除非这种趋势逆转，否则模因币仍将受到大型持有者的支持——只有当投资者开始将模因币视为合法资产类别、将注意力从山寨币上转移开时，他们才会进行干预。

Without this shift, while a BTC bull run past $100K could spark a surge in PEPE’s price, reaching a new ATH might still remain elusive.

如果没有这种转变，虽然 BTC 牛市突破 10 万美元可能会引发 PEPE 价格飙升，但达到新的 ATH 可能仍然难以实现。