PIPPIN at a Crossroads: Crash or Healthy Correction? What You Need to Know! 🦄📉
Body:
The $PIPPIN community is feeling the heat today as the token faces a sharp -32% drawdown, currently trading near the $0.21 level. But is this the end of the AI-Unicorn hype, or just a massive "Buy the Dip" opportunity?
The Breakdown:
• Whale Activity: On-chain data shows "Smart Money" has been exiting positions, moving over $675k into stables.
• Technical Floor: We just touched a local bottom at $0.206. If bulls can hold this level, we may see a relief rally back toward $0.25.
• The Catalyst: The recent launch of the Autonomous AI Agent (Jan 29) brought the hype to a peak. We are now seeing the classic "Sell the News" reaction.
What’s Next?
Keep a close eye on the $0.20 support zone. A breakdown here could lead to a test of $0.13. However, with the RSI cooling off and volume stabilizing, a consolidation phase is likely before the next move.
Strategy: Avoid "FOMO" (Fear Of Missing Out) or "Revenge Trading." Wait for a confirmed breakout above the MA(99) on the 15m or 1h chart before considering new entries