The price of $PIPPIN surged to the 0.38 line last night and has started to pull back, currently hovering around 0.31. The next movements depend on whether the key support level at 0.3 can hold — if it breaks down effectively, there may be another wave of adjustment in the short term. Conversely, if it stabilizes above 0.3, the rebound momentum may continue to be released.

From the on-chain funding perspective, there are no signs of large withdrawals, indicating that holders still have confidence. The intraday pullback rhythm is a normal technical correction, but the short-term pattern is relatively weak. If you want to participate in short selling at the 0.31 position, consider testing with a light position, and remember to strictly control your take-profit and stop-loss, while being cautious of possible spike behaviors. The market rhythm is fast, and sometimes it indeed can be hard to react.

Overall, PIPPIN needs time to confirm the direction, and it is still in the phase of contesting key positions.

PIPPINUSDT

Perp

0.34395

+0.96%