$PIPPIN is currently showing a short-term corrective bounce, but the overall market structure still leans bearish unless bulls can reclaim and sustain price above the key 0.02282–0.02352 resistance range.
The most important rejection zone sits between 0.02254 and 0.02282. If buyers fail to break this area with strong momentum and volume, the market could continue its bearish trend and revisit lower liquidity zones around 0.02151 and 0.02100.
A sweep below 0.02100 followed by a fast recovery would be a major signal of smart-money accumulation and could trigger a reversal move back toward the 0.02254–0.02352 supply region.
For now, patience is key. Long positions only become attractive if price prints a strong bullish reversal confirmation from the 0.02151–0.02100 demand zone. Otherwise, rallies into resistance may continue to offer short opportunities.
A confirmed breakout and close above 0.02352 would invalidate the bearish outlook and open the path toward higher targets near 0.02431 and 0.02485.
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