$PIPPIN just saw a massive 20% spike followed by a sharp 10% pullback. Let’s break down the chart to see where the smart money is looking next.
1- Trend Summary
Despite the volatility, the daily structure remains bullish. Price is still trading above the 7, 30, and 200-day moving averages—a clear sign that the uptrend isn't broken yet. The recent rejection at $0.7569 was aggressive, but buyers are stepping in at $0.72 to defend the momentum.
2-Key Level Explanation
We’re at a decision point. The critical support to hold is $0.5500**—this aligns with the MA7 and previous resistance-turned-support. If that breaks, expect a retest of **$0.3953. Upside resistance remains at $0.7569. RSI cooling to 68 suggests the move was overextended, but momentum isn’t dead yet.
3- Possible Scenario
If price stabilizes above $0.55 over the next 1-2 days, we could see a slow grind back toward the highs. A clean break above $0.7569 would confirm continuation. Right now, it’s about watching whether buyers defend the range or let it fade.
3-Risk Warning
A daily close below $0.5500 invalidates the bullish setup. That’s your line in the sand. If it breaks, the next stop is likely $0.39. Stay disciplined—chasing green candles here could get painful if support fails.
Stay sharp and keep your entries smart.
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