PIPPIN rose from 0.25 to 0.34 in just 5 minutes. This is due to a series of liquidations and short squeezes. I estimate that over 60% of the short positions over the resistance have been liquidated.
After the spike in PIPPIN, there hasn't been a crash, indicating that the main forces still have no intention to retreat. The historical highest price has already been broken, and the upper limit is difficult to predict; even 1u is possible.
Those who shorted in this wave should choose to stop-loss at an opportune time, as there may be new highs to break.
