After the recent volatility and apparent price manipulation in $POWER , market participants are now speculating that $PIPPIN could rally toward the $1 level.

However, from a technical perspective, I remain cautious and do not share the bullish outlook at this stage. The current structure suggests potential downside risk rather than sustained upside continuation.

I am maintaining my short position on $PIPPIN , positioned from the upper levels, and will continue to monitor price action for confirmation.

PIPPINUSDT

Perp

0.02514

-5.80%

POWERUSDT

Perp

0.08454

-9.83%