PIPPIN is currently reported at 0.36028, rebounding from a low of 0.30377, clearly encountering resistance below the previous high of 0.38814. The 4-hour level shows a rise and fall, with the price approaching the strong pressure zone at the upper Bollinger Band. Although the MACD bullish momentum has not yet weakened, there has been a significant accumulation of short-term profit-taking after a sustained sharp rise, and the technical adjustment pressure is gradually increasing.
The current resistance for the rebound is clearly located in the range of 0.3700–0.3850. The key support below is in the range of 0.3300–0.3350, where the middle track of the Bollinger Band and the recent consolidation platform are located. Once this level is breached, it will open up downward space to 0.3100–0.3150.
It is recommended to short in batches as the price rebounds to the range of 0.3650–0.3750, with a stop loss above 0.3900, targeting 0.3400–0.3450. If the price directly breaks below 0.3300, shorting with a light position can be considered, targeting below 0.3150.
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PIPPINUSDT
Perp
0.34834
+2.27%