尽管现货市场积累

在过去的24小时内，佩佩一直处于下降趋势，最小损失1.06％。

Over the last 24 hours, PEPE has been on a downtrend, with a minimal loss of 1.06%. A recent analysis of the memecoin’s price action revealed that while spot traders have been accumulating, derivatives traders have been focused on selling PEPE. Especially as short contracts rose across the market.

在过去的24小时内，佩佩一直处于下降趋势，最小损失1.06％。对Memecoin的价格行动的最新分析表明，尽管现货交易者一直在积累，但衍生品交易员一直致力于销售Pepe。特别是随着整个市场上的短合同上升。

In fact, AMBCrypto’s analysis suggested that the market could go either way. Worth pointing out, however, that two technical indicators suggested that the bulls may overturn the bears and gain momentum.

实际上，Ambcrypto的分析表明，市场可以采用任何一种方式。然而，值得指出的是，两个技术指标表明，公牛可能会推翻熊并获得动力。

A historic bearish confluence

历史悠久的看跌融合

A recent analysis of the Bollinger Bands on the daily chart revealed that the asset has been trading close to its upper band. This level is known to house major selling pressure, one that forces a decline in the altcoin’s value.

对每日图表上的布林乐队的最新分析表明，该资产一直在其上部的乐队附近交易。众所周知，这一水平会容纳重大销售压力，这会迫使Altcoin的价值下降。

Historically, PEPE at this level has recorded major price drops, losing 49%, 28%, and 46% in the last three instances when the price hit this level.

从历史上看，这一水平的佩佩（Pepe）记录了主要价格下降，在最后三个实例中，价格下跌49％，28％和46％。

Source: TradingView

资料来源：TradingView

If this trend repeats itself, PEPE could see a significant decline, potentially leading to a double-digit percentage drop.

如果这种趋势重复出现，Pepe可能会看到大幅下降，可能导致两位数的下降。

If this happens, the crypto-asset will return to trading below its descending line – A level it previously breached.

如果发生这种情况，加密资产将返回到其下降线以下的交易 - 先前违反的水平。

When the price crosses above this descending line, it typically signals the start of a rally and is followed by a high-momentum move. However, in this case, the price has been moving sluggishly, struggling to establish a rally. This indicated that a decline is, in fact, still possible.

当价格越过这条降线时，通常会标志着集会的开始，然后是高摩托姆举动。但是，在这种情况下，价格一直很慢，努力建立集会。这表明实际上仍然有可能下降。

AMBCrypto also found that derivatives and spot traders remain divided on the altcoin’s next price direction.

Ambcrypto还发现，衍生品和现货交易者在Altcoin的下一个价格方向上仍然存在分歧。

Derivative and spot traders remain on different pages

派生型和现货交易者仍在不同的页面上

Over the last 24 hours, derivatives and spot traders have taken opposing positions on the price action front. While derivative traders have been betting on a price decline, spot traders have been accumulating, despite the dip.

在过去的24小时内，衍生品和现货交易者在价格行动方面处于相反的立场。尽管衍生品交易者一直在押注价格下跌，但尽管下降，现货交易者仍在积累。

In the derivatives market, Open Interest and Volume simultaneously fell by 1.65% and 39.46%, respectively. Such a drop means that the market is currently dominated by short traders and that momentum is weakening. At the time of writing, the value of unsettled contracts in the market stood at $233.96 million.

在衍生品市场中，开放利息和数量同时下降了1.65％和39.46％。这样的下降意味着市场目前由短交易者主导，这种势头正在削弱。在撰写本文时，市场上未解决的合同价值为2.396亿美元。

This downward pressure from derivatives short traders could play a significant role in keeping PEPE’s price low or driving it even lower.

来自衍生品短交易者的下降压力可能在保持Pepe的价格较低或推动较低的情况下发挥重要作用。

Source: Coinglass

资料来源：小店

However, spot traders are taking a different approach by accumulating PEPE. In the last 24 hours, this cohort has purchased $4.4 million worth of the asset, preventing further price depreciation.

但是，现货交易者通过累积Pepe采取不同的方法。在过去的24小时内，该队列购买了价值440万美元的资产，以防止价格折旧。

A significant purchase from the spot market typically hints at strong bullish conviction. This could absorb selling pressure and lead to a price rebound on the charts.

从现货市场的大量购买通常暗示了强烈的看涨信念。这可能会吸收销售压力并导致图表上的价格反弹。

Where is PEPE heading?

佩佩在哪里？

Finally, AMBCrypto analyzed other technical indicators to determine PEPE’s likely price action. Our analysts discovered ongoing accumulation and liquidity inflows into the asset – Suggesting a rally may be on the horizon.

最后，Ambcrypto分析了其他技术指标，以确定Pepe的价格行动。我们的分析人士发现持续的积累和流动性流入资产 - 表明拉力赛可能即将到来。

The Accumulation/Distribution indicator’s reading was positive, with the same implying that the market has been in an accumulation phase.

累积/分配指标的读数是积极的，同样意味着市场已经处于积累阶段。

Source: TradingView

资料来源：TradingView

The Money Flow Index (MFI), which tracks liquidity inflows and outflows over a specific period, confirmed that liquidity is flowing into PEPE. Such inflows further confirmed the presence of buyers in the market.

在特定时期跟踪流动性流入和流出的货币流量指数（MFI）证实了流动性正在流入PEPE。这种流入进一步证实了买家在市场上的存在。

At this juncture, PEPE could defy its historical bearish trend and establish a new high, particularly as spot traders continue accumulating.

在这个关头，Pepe可以违背其历史性的看跌趋势并建立新的高位，尤其是随着现场交易者继续积累。