佩佩（PEPE）今年开局艰难，但新的买入信号已经出现

佩佩今年的开局并不顺利。在图表上出现卖出信号后，该代币下跌了 20%。然而，随着新的买入信号的出现，仍然存在希望。

Despite starting the year on a positive note, Pepe (PEPE) token has seen some struggles lately. After hitting a sell signal on its 12-hour chart, the token dropped by 20%, putting traders on edge. However, a new buy signal has emerged, offering a glimmer of hope.

尽管年初表现良好，但 Pepe (PEPE) 代币最近遇到了一些困难。在 12 小时图表上发出卖出信号后，该代币下跌了 20%，令交易者感到紧张。然而，新的买入信号的出现，带来了一线希望。

Currently, PEPE is trading at $0.000017526, which is 1.8% lower than yesterday. As the token consolidates, traders are keeping an eye on key levels to gauge whether it can bounce back or might drop further.

目前，PEPE 交易价格为 0.000017526 美元，较昨日下跌 1.8%。随着代币的整合，交易者正在密切关注关键水平，以判断其是否可以反弹或可能进一步下跌。

PEPE Important Support and Resistance Levels

PEPE 重要支撑位和阻力位

From the 12-hour chart, we can see that PEPE is close to its support level at $0.00001662. This level has acted as resistance multiple times in the past, indicating that it could now provide strong support to stop prices from dropping further.

从12小时图我们可以看到，PEPE接近支撑位0.00001662美元。该水平过去曾多次充当阻力位，表明它现在可以提供强有力的支撑，阻止价格进一步下跌。

On the other hand, the token faces resistance at $0.00002200. If PEPE can break past this resistance, it could gain more momentum and continue rising. However, breaking through resistance levels can be challenging, especially in a bear market.

另一方面，该代币面临 0.00002200 美元的阻力。如果PEPE能够突破这一阻力位，它可能会获得更多动力并继续上涨。然而，突破阻力位可能具有挑战性，尤其是在熊市中。

Relative Strength Index (RSI) for PEPE is at 38.9, which indicates that the token might be oversold at the moment. This could attract buyers and help PEPE begin to recover. However, for a strong recovery, breaking above the resistance line is necessary.

PEPE 的相对强度指数 (RSI) 为 38.9，这表明该代币目前可能超卖。这可能会吸引买家并帮助 PEPE 开始复苏。然而，为了强劲复苏，突破阻力线是必要的。

If PEPE fails to hold the support level at $0.00001662, it might drop even more and could see further losses.

如果 PEPE 未能守住 0.00001662 美元的支撑位，它可能会下跌更多，并可能会进一步下跌。

MVRV Ratio Shows PEPE May Be Undervalued

MVRV 比率显示 PEPE 可能被低估

The MVRV ratio for PEPE is at 41.92%, which indicates that the token might be undervalued right now. According to this metric, many people holding PEPE are currently at a loss. This could be an opportunity for new buyers to enter the market at a lower price, as many people might be willing to sell their tokens to cut their losses.

PEPE 的 MVRV 比率为 41.92%，这表明该代币目前可能被低估。根据这个指标，许多持有PEPE的人目前都处于亏损状态。这可能是新买家以较低价格进入市场的机会，因为许多人可能愿意出售他们的代币以减少损失。

However, just being undervalued is not enough to make a token recover. It will need stronger market confidence and more buyers to push its price up.

然而，仅仅被低估并不足以使代币恢复。它需要更强的市场信心和更多的买家来推高其价格。

Retail Activity Sends Mixed Signals

零售活动发出混合信号

Looking at on-chain metrics, we can see that PEPE has 4,583 daily active addresses right now. This shows that while people are still using the network, the activity isn’t very high. On average, over the past 30 days, PEPE has had around 20k daily active addresses. So, while the activity is lower than usual, it could be a sign that people are still interested in the token.

查看链上指标，我们可以看到 PEPE 目前有 4,583 个每日活跃地址。这表明虽然人们仍在使用网络，但活跃度并不是很高。平均而言，在过去 30 天里，PEPE 每日活跃地址数量约为 2 万个。因此，虽然活动低于平时，但这可能表明人们仍然对该代币感兴趣。

On the other hand, smaller investors have been more active lately. We can see a 66.67% increase in transactions worth $10 to $100, indicating that smaller investors are showing more interest in PEPE at this price level. But for PEPE to recover strongly, larger investors (wholes or whales) need to step in and drive demand.

另一方面，小型投资者最近更加活跃。我们可以看到价值 10 至 100 美元的交易增加了 66.67%，这表明较小的投资者对这个价格水平的 PEPE 表现出更大的兴趣。但要使 PEPE 强劲复苏，大型投资者（整体或巨鲸）需要介入并推动需求。

Liquidations Show Market Struggles

清算显示市场挣扎

According to Coinglass, PEPE has seen 410.98k in long liquidations compared to 114.55k in short liquidations. This means that more people were betting on price increases (long positions), but some of these bets didn’t work out as expected, causing them to lose their positions.

根据 Coinglass 的数据，PEPE 的多头清算数量为 410.98k，而空头清算数量为 114.55k。这意味着更多的人押注价格上涨（多头头寸），但其中一些押注并没有达到预期效果，导致他们失去头寸。

On the other hand, people betting on price decreases (short positions) closed out a smaller total amount of their positions. In total, there were 2.96 times more long liquidations than short liquidations for PEPE.

另一方面，押注价格下跌的人（空头头寸）平仓的头寸总量较少。总的来说，PEPE 的多头清算数量是空头清算数量的 2.96 倍。

These imbalances can create more volatility in the market. If short-sellers start closing their positions, PEPE might get a small price boost. However, a real recovery will depend on more buyers entering the market.

这些失衡可能会造成市场更大的波动。如果卖空者开始平仓，PEPE 的价格可能会小幅上涨。然而，真正的复苏将取决于更多买家进入市场。