๐จ **PIPPIN/USDT (15m) Update** ๐จ
Price currently sitting around **0.0558** after a sharp drop from the **0.08+ zone** ๐
๐ **Whatโs happening:**
โข Strong bearish momentum pushed price down to **0.0421** (local bottom)
โข Short-term recovery forming with higher lows
โข Price now testing resistance near **0.056โ0.058 zone**
๐ **Indicators:**
โข MA(7) crossing above MA(25) โ short-term bullish signal โก
โข Still below MA(99) โ overall trend remains bearish
โข Volume spike during sell-off, now cooling โ possible consolidation phase
๐ฏ **Key Levels:**
โข Support: **0.0500 / 0.0420**
โข Resistance: **0.0580 / 0.0620**
๐ก **Outlook:**
If bulls hold above **0.055**, we could see a push toward **0.06+**.
But rejection here may send price back to retest **0.05 zone**.
โ ๏ธ Stay cautious โ trend is still recovering, not fully reversed.
#Binance #PIPPIN #TechnicalAnalysis
Price currently sitting around **0.0558** after a sharp drop from the **0.08+ zone** ๐
๐ **Whatโs happening:**
โข Strong bearish momentum pushed price down to **0.0421** (local bottom)
โข Short-term recovery forming with higher lows
โข Price now testing resistance near **0.056โ0.058 zone**
๐ **Indicators:**
โข MA(7) crossing above MA(25) โ short-term bullish signal โก
โข Still below MA(99) โ overall trend remains bearish
โข Volume spike during sell-off, now cooling โ possible consolidation phase
๐ฏ **Key Levels:**
โข Support: **0.0500 / 0.0420**
โข Resistance: **0.0580 / 0.0620**
๐ก **Outlook:**
If bulls hold above **0.055**, we could see a push toward **0.06+**.
But rejection here may send price back to retest **0.05 zone**.
โ ๏ธ Stay cautious โ trend is still recovering, not fully reversed.
#Binance #PIPPIN #TechnicalAnalysis