Dear crypto friends, I am your Eagle Brother! Today, while watching the one-hour chart of PIPPIN, I noticed that many people are asking, 'Is this coin going to drop? The volume has shrunk so much!' Don't worry, Eagle Brother will use the perspective of a financial analyst to help you decipher the signals behind this chart!
Current market positioning: consolidating with potential for fluctuations, a critical period for the bulls and bears.
From the data, the current price of PIPPIN is 0.18215. Although the increase is 1.52%, the volatility is only 3.22%, indicating a typical narrow range fluctuation pattern. The BOLL channel is contracting, and the EMA moving averages for the short to medium term (9, 39 days) are intertwined around 0.18, suggesting that the market is choosing a direction.
Key signals:
The bulls-bears dividing line is at 0.18592, which is the lifeline that determines the subsequent trend!
Support looks at 0.15443, and resistance looks at 0.21784.
If it breaks 0.18592 with volume, the market may strengthen; if it breaks below 0.15443, the risk of a pullback increases.
In-depth technical analysis: Shrinking volume is not a bad thing; it may be a "trap for short selling"!
Volume is shrinking, but the structure is not broken.
The MA(9) and MA(10) moving averages of the trading volume are still above recent volume, indicating that although the volume is shrinking, overall trading remains relatively active. Shrinking volatility often occurs before a trend change, and the main players may be washing out positions to accumulate.
The MACD shows a subtle golden cross, but the momentum is insufficient.
The DIF has crossed above the DEA to form a golden cross, but the MACD bars are still below the zero axis (-0.00085), indicating that the upward momentum is still accumulating and has not yet exploded. The yellow and white lines are above the 0 axis, which indicates a slightly bullish structure, but confirmation with increased volume is needed.
RSI is in the observation zone, not overbought or oversold.
The three RSI lines are between 50 and 60, indicating neutral market sentiment without extreme emotions, which also aligns with the characteristics of volatility.
News and market sentiment.
The current market is generally in a news vacuum, with no significant positive or negative stimuli. In this case, technical analysis dominates short-term trends. Retail sentiment is mainly cautious, which is also one of the reasons for the shrinking volume.
Eagle's opinion: After a sideways movement, it is highly likely to test upwards!
I believe that the current shrinking volatility is not a signal of decline, but rather a sign that the main players are cleaning up floating positions. If it can break 0.18592 with volume in the future, it is expected to test the 0.21 resistance area upwards. However, if it cannot increase volume, it may continue to fluctuate between 0.154 and 0.185.
Key points to watch:
Whether it breaks 0.18592 with volume.
Can the MACD stabilize above the 0 axis?
Operational strategy for retail investors and beginners
If you are a holder:
Set a stop-loss below 0.154; as long as it doesn’t break, you can continue to hold.
If it breaks 0.18592, you can moderately increase your position and look towards 0.21.
If you are an observer:
Don't chase highs! Wait for the direction to be clear before entering the market.
If it stabilizes in the 0.154–0.16 range after a pullback, you can try going long with a small position.
Eagle reminds: In a volatile market, frequent operations are most undesirable, as it is easy to be washed out. Hold key positions and patiently wait for signals!
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