#PIPPIN /USDT Continuation of upward movement after consolidation: Adapting to current price
Timeframe: Daily (D1), 4-hour (H4)
Current price (Pippin): ~$0.154 USDT (as of 16:08 EET 07.12.2025)
Pippin ($PIPPIN) demonstrates a strong upward trend in the long term (growth of 17.47% over the last 7 days), but is experiencing a strong correction within the last 24 hours (a drop of ~42.55% from recent highs). The price is consolidating around current levels after a significant decline, indicating a struggle between buyers and sellers.
Key levels (for Pippin):
Support level: $0.13381 – $0.142 USDT. This is a critical support zone that was tested today. Holding this level is important for bulls.
Resistance level: $0.20 – $0.25 USDT. Overcoming these resistance levels is necessary for the resumption of a strong upward movement.
Indicator analysis:
RSI (Relative Strength Index): On the 4-hour chart, the RSI is in the neutral zone (around 61.9), providing room for movement in both directions. On the daily chart, indicators also show a neutral or bullish sentiment in the short term.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, confirming bullish momentum on the daily chart.
Moving Averages: The price confidently holds above key exponential moving averages (EMA20/50/100) on the daily timeframe, confirming the strength of the overall trend despite a recent pullback.
Scenario developments:
Bullish scenario: If $PIPPIN can break and hold above the resistance level of $0.16 USDT and then $0.20 USDT, the next targets will be $0.25 and $0.30 USDT. This scenario depends on maintaining current support levels and positive news (for example, results from the Biconomy trading competition).
Bearish scenario: If the price cannot hold support at $0.133 USDT (today's low), a drop to $0.10 USDT or below for a retest of previous accumulation levels is possible.
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