Dear crypto friends, this wave of PIPPIN's market is simply crazy! The price is skyrocketing like a rocket, with a 30% surge in 24 hours, a staggering 2360% increase in 90 days, and an increase of over 6353% since the beginning of the year! Don't panic! Today, Zhou Yi will take you through the technical and news aspects, and the conclusion is just one sentence: buy the dips, and the pullback is the opportunity to get on board!
First, let's look at the technical aspects
From the one-hour candlestick chart, PIPPIN has just closed at $0.49419, with an increase of 3.04% and a volatility of 6.17%, showing intense competition between bulls and bears.
The key signal has arrived: the yellow and white lines have turned from a dead cross to a golden cross above the zero axis, which is a typical bullish pattern, indicating that upward momentum is re-accumulating!
Trading volume surged at one point, green bars rose, although it has since shrunk, this is a normal rest after a surge. The resistance level is at 0.53268 USD; as long as it breaks through, it will open up upward space.
Support levels are at 0.46123 and 0.38554; if it drops here, it’s a good buying opportunity. Although the RSI is in the overbought zone, in the long-term trend, overbought conditions may persist, and a pullback is actually a healthy washout.
The news is even more explosive!
The market value of PIPPIN has reached 499 million USD, with circulation close to the total supply, indicating concentrated chips, making it easy to rally.
The contract transaction volume is 1.4 billion USD, with a spot volume of 1.48 million USD, showing that funds are pouring in crazily. Combined with long-term increases, there may be favorable news for the project or large holders controlling the market, leading to extremely greedy market sentiment.
Zhou Yi's views are clear:
The outlook for PIPPIN is bullish, but don't chase high prices! The overbought indicator poses short-term risks, but the trend is king. A golden cross has formed, volume is in line, and shorts are crowded; this wave of increases is far from over.
Therefore, Zhou Yi suggests building positions in batches in the support range of 0.46-0.48 USD, targeting the resistance level of 0.53 USD. After breaking through, it is expected to challenge previous highs in the medium to long term.
In short, the PIPPIN technical indicators are bullish, with favorable news lurking; Zhou Yi is confidently bullish. Friends, hold your positions steady and add to your holdings on dips. Don't miss this wealth train! Follow me, and I'll take you through the bull and bear markets for steady profits!
Zhou Yi publishes three waves of strategies in the village every day. If your position is not 5 million, please follow Zhou Yi's real-time suggestions in the village to avoid risks of liquidation. The current market is unpredictable, and each villager has a different position, so please update the entry points published by Zhou Yi in the village in real time!#加密市场观察 $pippin
