📌 $PIPPIN Technical Analysis
$PIPPIN just dumped hard on Binance Futures, down ~24% today to lows of $0.2648 before a small bounce. Current price sits around $0.273 – $0.276.
High volatility memecoin move with massive volume (~506M PIPPIN, $168M USDT in 24h) – likely liquidations + profit taking.
📌 Key Levels:
Support:
Immediate: $0.2648 – $0.26
Next: $0.25 (psychological)
Deeper: $0.23 – $0.22
Resistance:
Near: $0.281 – $0.285
Strong: $0.30 – $0.302 (broken support)
Higher: $0.324 – $0.345, then $0.355+
Moving Averages:
MA7 (~$0.305) & MA25 (~$0.334) acting as overhead resistance. Bearish stack confirmed.
Structure: Downtrend intact. Heavy red candles broke key supports. Volume spiked on downside, distribution signal. Bounce looks weak so far.
📌 Bias: Short-term bearish. Favors continuation lower unless we reclaim $0.285–$0.30 with strong volume.
Watch for capitulation at $0.26 or sudden squeeze on news/hype. Perps + memecoin = high risk!
DYOR. Not financial advice. Trade responsibly. 📉🐻
What’s your view on $PIPPIN? Short or waiting for bounce? Drop levels below!
#PIPPIN #BinanceFutures