Brothers, pay attention! Did you see the plunge last night? A big bearish line dropped directly from 0.5 to 0.25; how many people lost everything overnight? Today it rebounded to around 0.4. Are there people shouting 'the bull is back'? Don't rush; let Xinying analyze it for you with technical and news perspectives—this is not a correction at all; this is the trap set by the manipulators!
Technical analysis: The 4-hour chart has shown a 'death cross,' with 0.40 being the life-and-death line for bulls and bears!
From the provided 4-hour candlestick chart, PIPPIN surged to 0.5049 yesterday but was then slammed down by a huge bearish column to 0.252. This kind of movement is typical of manipulators pulling up to offload! Although the price has rebounded to around 0.376, it is still below the critical support and resistance level of 0.40226, and the yellow and white lines have formed a death cross below the zero axis. Both RSI and MFI are in a wait-and-see state, and while the volume has seen some red columns rising, it is overall showing a shrinking trend.
Xinying's view:
The 0.40 position is not only a resistance level but also a psychological barrier. If it cannot break through with volume, the market is very likely to turn down again, testing the bottom support at 0.25 or even 0.133. Even if it barely breaks through, the previous high pressure at 0.5049 is heavy, and without new funds entering the market, it is hard to surge again.
News: Internal operations suspected of 'closing the net', 80% of chips are concentrated in control!
According to BlockBeats and Bubblemaps, 80% of PIPPIN's supply is controlled by insiders, valued at about $380 million! It has plummeted 30% in nearly 2 hours, with a market value shrinking to $365 million. More alarmingly, there are 16 highly similar wallets with consistent behavior patterns, and another group of 11 wallets controls about 9% of the circulating supply, obviously indicating the same entity is coordinating the operation.
Xinying's warning:
This is not a natural market fluctuation; this is an organized and premeditated net closing action. The whales have already distributed chips at high positions, and the current rebound is just to attract the last wave of buyers. Retail investors entering the market now is like jumping into a fire pit!
What should retail investors do? Xinying gives you three sayings:
Do not chase highs: below 0.40 is all rebound traps; don't let a single bullish candle change your belief.
Set a stop loss: if you are already holding, be sure to set a stop loss near 0.40, and decisively exit if it falls below 0.25.
Looking at the long term: Meme coins have no real value, purely a game of funds. Ordinary people are advised to watch and avoid heavy bets.
Market forecast: two types of trends, one outcome.
If it breaks 0.40: it may test 0.45–0.50 again, but it is difficult to break the previous high, and then continue to decline.
If it cannot break through 0.40: it will fall back directly, testing the bottom again at 0.25 or even lower.
Xinying's conclusion:
The crypto market is not short of opportunities; what is lacking is the wisdom to survive. PIPPIN, a coin obviously highly controlled by the whales, is not something ordinary players can afford. If you are still in it, now is the last chance to escape; if you haven't entered, please stay away! Follow Xinying, and let us penetrate the truth behind the candlesticks, avoiding being cut or missing out!#美SEC推动加密创新监管 $PIPPIN
