Overall prospects become complicated by the funding rate, indicating a strong downward structure. A negative funding rate means that the majority of traders are opening short positions, expecting PIPPIN to decrease in price. This common bearish position reflects low confidence among derivative traders.
Such sentiment can dampen price movements, as short sellers often increase downward pressure. Unless market conditions change, this bearish outlook could become a major barrier to $PIPPIN and hinder long-term bullish efforts.
PIPPINUSDT
Perp
0.32484
+4.83%
Refer to the funding rate below:
