Brothers, I am Mig.
The craziest Meme on Solana today - PIPPIN, are you all watching? It surged 35% in 24 hours. What will happen next? Don't panic, Mig will guide you layer by layer.
News analysis - high popularity does not equal guaranteed profits, be careful of bubbles!
Meme coins on the Solana chain are going crazy, PIPPIN has skyrocketed 35.5% in 24 hours, with a market cap reaching 486 million dollars, and the current price is about 0.487 dollars.
This news seems favorable at first glance, indicating that funds are pouring in and market sentiment is high. But Mig reminds you: Meme coins on the Solana chain are as volatile as a roller coaster, rising quickly and falling hard. It's easy to get carried away just looking at the gains. Especially with a market cap close to 500 million dollars, if profit-takers start selling, retail investors simply can't withstand it.
Mig summary: The news supports the market, but overheating signals have emerged. Don't let FOMO cloud your judgment! Want to keep an eye on hot coins in real-time? Follow Mig, I report first-hand news in the village every day to give you the edge!
Technical analysis—The K-line chart reveals critical weaknesses, and shrinking volume is a hidden risk!
Looking at the 4-hour K-line chart: The current price of 0.48835 is just stuck at a 'key level', with the MACD yellow and white lines breaking above the 0 axis, indicating a short-term upward trend that seems ready to surge.
But a critical issue has arisen—shrinking upward volume! Prices rise but buying power is weak, which may indicate that the main force is quietly unloading. There are heavy pressure points above: 0.53 is a rebound resistance, and 0.6 is a high-pressure point; below, support at 0.4 and 0.304 is a defensive line. If the volume continues to lag, the surge is all an illusion.
Mig believes that the technicals are bullish, but the divergence between volume and price hides risks, and the surge may be fleeting! Where exactly to enter the market and where to set the safest stop-loss? Mig village has already provided reminders; those who want to keep up should become Mig villagers!
Retail investor operation advice—three steps, don't be a 'chives' anymore!
For players with no position: Wait for a volume breakout above 0.5 before trying with light positions; better to miss opportunities than to make mistakes.
For position players: Set stop-loss near 0.45 to secure profits; want to add to positions? Buy in batches around 0.4 on a pullback.
Keep a close eye on the volume: Rising without volume is all temptation; if something feels off, slip away.
Mig's personal opinion:
Combining news and technicals, my view is very direct: PIPPIN is up overall today, but the market is likely to see divergence later. If the volume breaks above 0.5, it may test 0.55 or even 0.6, leading to a rally. If the volume continues to shrink and the price breaks down after oscillating at key levels, it may likely retrace to the 0.4 support, and in extreme cases, look for opportunities at the 0.304 bottom.
Current prediction is bullish, but the upward volume hasn't kept up. The reason is that retail investors are cautious about chasing highs, and the main force may be pulling back to sell.
Market analysis is 'planning', but the market is 'real combat'. If you always feel one step behind the market, always 'buy and it drops, sell and it rises', then let me tell you, you are not lacking analysis, you are lacking a professional guide who can remind you in real-time when the 'opportunity comes' and 'run fast'!
Want to know how Mig led the brothers in the village to dodge spikes and set precise ambushes? Follow Mig and participate in every attack by Mig villagers! Mig will announce specific entry times and real-time news daily in the village!
