The $PIPPIN Market Update ⚠️
Shift in Market Mood:
The balance between long and short positions has taken a sharp turn — the long/short ratio plunged 58% to 0.24. Currently, 91 large short positions are in control, pointing to heavy smart money selling.
Technical Signals:
The RSI tumbled from 90 down to 40, and the price slipped below key exponential moving averages, even though buying volume briefly increased.
Price Movement:
$PIPPIN fell roughly 20%, from $0.0648 to $0.0532, and is now hovering around the important $0.0508 support level.
Smart Money Insight:
Almost all shorts (93%) are profitable, compared to just 12% of longs — a clear sign of a distribution phase dominated by whales.
Critical Levels to Watch:
A breakdown below $0.0508 could push price down toward $0.055.
Regaining $0.066 would indicate a potential trend reversal.
Summary:
FOMO is fading, volatility is climbing, and the market is increasingly controlled by whales rather than hype-driven traders.
