PIPPIN/USDT
After the drop, the price is trying to make a local upward retracement, but the strength is still weak.
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📊 TECHNICAL ANALYSIS
1. Moving Averages (MA 7 / 25 / 99)
MA7 (yellow) — is directed down → short downtrend.
MA25 (pink) — is also going down → medium-term weakness.
MA99 (purple) — is rising → global trend is upward, but the current correction is hindering.
Conclusion: The price is currently below MA7 and MA25 → the market is weak, sellers are in control of the situation.
MA99 is far below → globally the asset is still strong, but now — a correction.
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2. Volumes
In the last section, volumes are low, large players are not entering.
This means:
The decline may continue.
For a reversal, an increase in volume is needed.
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3. Candles
After a sharp drop, a small sideways movement appeared — the market is looking for direction.
The candles are small → participants are uncertain.
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4. Levels
Support:
0.18200 is the minimum for 24 hours. If they break down, the price may go to 0.165–0.170.
Resistance:
0.195–0.200 is a strong zone where MA25 is located.
A breakout upwards will give a signal for a reversal to 0.21–0.22.
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📌 RESULT
Currently, the market is in a phase of weakness:
🔻 Downward scenario (main):
If the price does not rise above 0.195 → move down to 0.182 and below.
🔼 Upward scenario (if volume appears):
Break 0.195–0.200 → return to growth, first target 0.210–0.220.
The market now looks more like a correction after a strong rise — waiting for reversal signals.
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❗ My advice based on the chart state:
For longing, it’s better to wait for a breakout at 0.195–0.200 + increase in volumes.
For shorting, the zone 0.195 is a good resistance point.
#PIPPIN/USDT
