Pippin has been moving fast recently. The price jumped nearly 32 percent in one day to 0.4676 as trading volume rose to 82.24 million. This shows that many traders joined the move and momentum is strong. Buyers stepped in quickly as price climbed and liquidity grew alongside the rally. The rising volume suggests the move is supported by broad interest and not just a few trades.
The bullish trend is visible on the four-hour chart. Pippin follows a clear ascending support line rising from 0.32 to 0.33. Each pullback makes a higher low above this line which shows buyers are in control. Price is also holding above 0.45 which used to be a consolidation area and now acts as short-term support. Overhead resistance is near 0.53 where past attempts to move higher stalled. Momentum indicators like MACD are improving and show positive signals without exhaustion.
Leverage is increasing fast as Open Interest jumped about 90 percent to 218.96 million. This shows traders are adding exposure aggressively instead of waiting for price to consolidate. Leverage helps rallies move quickly but also makes the market fragile. If momentum slows, forced unwinds could cause sharp moves. Currently Open Interest is rising along with price which suggests traders are betting on the upward trend rather than hedging.
Liquidation data also favors bulls. About 672,870 in short positions were wiped out recently while only 64,200 in long positions were lost. This means shorts absorbed most of the downside pressure and added fuel to the rally. Long liquidations stayed low which reduces immediate downside risk. Short squeezes are helping the price move up but the rally will need new buying interest to continue.
Funding rates show caution. Open Interest weighted funding is slightly negative around -0.0705 percent. Traders are adding leverage without paying much extra to hold longs. This balance often supports trend continuation while reducing the chance of sudden overheating. Funding could change quickly if price accelerates but for now it allows price discovery without stress from excessive leverage.
Overall Pippin’s rally is strong. Volume is expanding, momentum is improving, and liquidation patterns favor bulls. The main risk is that leverage now drives short-term flows. If buyers keep momentum and demand stays strong the uptrend can continue. If momentum fades leverage could amplify swings quickly.
For now the market shows strength but discipline will be key. Sustained demand is necessary to support the rally. Leverage is a double-edged sword that can help moves extend but also increase volatility if excitement fades. Pippin’s next phase depends on follow-through and not just the current enthusiasm.
