Next Move: Bullish Scenario (Toward the Upside)
Analyst SKAW786 and Seher7 state that PIPPIN has recently shown a strong breakout.
Target 1: $0.47 (All-time Resistance).
Target 2: If the price surpasses the $0.50 mark, it could go up to $0.55 to $0.65.
Condition: To maintain a bullish trend, it is essential for the price to stay above $0.40.
2. Bearish Scenario (Toward the Downside - Risk of Flash Crash)
Some creators (like CryptoAnalysislatest) have issued an alert that profit-taking may occur in the market.
Strong Support: $0.39 is a critical level. If PIPPIN closes below this, it could rapidly drop to $0.37 and then to $0.25.
Liquidity Sweep: Analyst Crypto_LUX has made a concerning prediction that the price could go down to $0.18 to sweep old orders (liquidity).
3. Technical Indicators (Current Situation)
According to Binance Square posts, PIPPIN's technicals indicate:
Bullish Breakout: The coin has rebounded from $0.35 and stabilized at the $0.42 level.
Funding Rate: The funding rate has gone down to -0.1657% in the last few hours, which means that 'Bears' (those wanting a decline) are taking more positions. In such a situation, there is a chance of a 'Short Squeeze' that could push the price further up.
RSI Alert: The RSI is currently between 44-50, which is a neutral to bearish zone, but if volume increases, it could trigger a breakout.
Quick Summary for Traders
Level Action
Entry Zone between $0.40 - $0.42
Take Profit $0.47, $0.55, $0.60
Stop Loss $0.38 (Below this could end the trend)$pippin
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