Pippin (PIPPIN) increased by 31.78% in 24 hours to 0.4676 USD, accompanied by a trading volume increase of 26.58% to 82.24 million USD, indicating that short-term participation is very strong.
The upward momentum is reinforced by active buying flows, expanding liquidity, and confirming volume. However, the rapid increase in leverage makes the market more sensitive if momentum stalls, as positions may be forcibly closed.
MAIN CONTENT
PIPPIN is surging with high volume, indicating that market demand is not 'thin'.
Open Interest is increasing faster than price, reflecting that leverage is dominating short-term flows.
Dominating short liquidations and slightly negative funding temporarily support the upward trend.
The increase in volume confirms the short-term buying strength of PIPPIN.
PIPPIN increased by 31.78% to 0.4676 USD in 24 hours, while volume rose by 26.58% to 82.24 million USD, indicating that the upward momentum has broad participation rather than just due to thin liquidity.
Price increases along with volume are often a confirmation signal for the short-term trend because the order flow must be strong enough to absorb selling pressure as prices rise. In this case, buyers aggressively enter as prices break out, while expanding liquidity helps the market execute orders better.
The volume accompanying the price also helps reduce the risk of a short 'pump' due to lack of trading. However, high volume does not automatically guarantee that the trend will continue if demand weakens or leverage rises too quickly afterward.
The uptrend structure on the 4-hour chart remains intact.
On the 4-hour chart, PIPPIN still follows the gradually rising support zone starting from the 0.32–0.33 USD area, with adjustment phases forming higher lows, indicating that buyers are in control.
Each time the price retreats, it forms higher lows compared to previous lows above the upward support line, reinforcing the uptrend structure. This is a sign that the market is accepting higher prices over time, rather than falling back to old lows.
Prices also remain above the 0.45 USD area, which was previously an accumulation zone and now serves as short-term support. Above, the nearby resistance area at 0.53 USD is where previous upward attempts were blocked, which could become an important testing point if prices continue to rise.
MACD improves after a 'reset' phase.
The MACD indicator is strengthening, the histogram is turning positive, and the signal lines are sloping upward, reflecting improved upward momentum without showing clear signs of exhaustion.
The MACD 'reset' and then return to increase usually implies that the trend has more room, as long as buyers continue to protect support areas. However, MACD is a lagging indicator; traders often combine it with price structure and cash flow (volume, OI, funding) to assess the risk of short-term reversals.
Open Interest increased by approximately 90.45% indicating that leverage is pouring in.
Open Interest increased by about 90.45% to 218.96 million USD, far exceeding the price increase, indicating that leveraged positions are 'chasing' the upward momentum.
A significant increase in Open Interest while prices also rise usually reflects the opening of additional positions in the direction of the trend (directional positioning) rather than hedging. This can support continuation if buying pressure remains strong, but it also makes the market more fragile.
When leverage dominates short-term flows, a simple price stagnation or slight reversal can lead to forced liquidations, causing sudden spikes in volatility. High leverage does not necessarily mean a reversal is guaranteed, but it requires the market to maintain sufficiently large demand to 'absorb' this exposure.
Dominating short liquidations have reduced downward price pressure.
Liquidation data shows that shorts are being swept away much more forcefully: about 672.87 thousand USD short compared to 64.2 thousand USD long, helping to fuel the upward momentum due to the 'short squeeze' effect.
When shorts are liquidated, short sellers are forced to buy back to close their positions, creating additional buying pressure in the market and potentially pushing prices up quickly in a short time. The low level of long liquidations still indicates that the current liquidation pressure from buyers is not large, thus reducing the immediate risk of a steep decline.
However, the increases due to liquidations may weaken as the amount of forced buying of shorts decreases. For the trend to continue sustainably, the market needs 'organic' buying rather than relying solely on closing shorts.
Slightly negative funding helps reduce the risk of 'overheating' from leverage.
Funding OI-weighted is slightly negative at around -0.0705%, indicating that although OI is increasing, the market does not have to 'pay high fees' to maintain long positions, thus reducing the risk of excessive short-term enthusiasm.
Slightly negative funding often implies cautious sentiment: leverage is increasing but has not shifted to a strongly long-bias state with high holding costs. In the context of rising prices, this sometimes supports the trend as the market still has 'room' before becoming overly one-sided.
However, funding can change very quickly when prices accelerate. If funding spikes strongly into positive territory in a short time, it could signal that the market is starting to get too hot and the risk of volatility increases due to leverage rising.
The upward momentum of PIPPIN can be maintained if it is not under leverage stress.
PIPPIN is trending upwards supported by expanding volume, improving momentum, and dominating short liquidations, but the strong increase in OI makes the market volatile if prices lose their momentum.
In a positive scenario, buyers continue to maintain a higher low structure and protect the short-term support area, giving prices a chance to challenge the upper resistance area again. In a risk scenario, if momentum weakens, leverage could amplify the downside due to mass position closures.
The next phase depends on the 'follow-through' force: actual buying demand, the ability to maintain volume, and whether funding shifts into an overly hot state.
Conclusion
PIPPIN surged in the last 24 hours with corresponding volume increase, reinforcing the reliability of the upward move. The technical structure still supports the buyers, while short liquidations help reduce downward pressure.
However, the explosion in Open Interest shows that leverage is playing a central role. If the momentum stalls, volatility could increase rapidly. The trend will be more sustainable if organic buying continues to absorb new positions.
Frequently Asked Questions
What does it mean for PIPPIN to increase in price along with an increase in volume?
When prices rise and volumes also increase, the upward move is often seen as confirmed because many participants are buying and selling. This reduces the likelihood that prices are rising just due to thin liquidity, but still needs to be monitored to see if demand is maintained in subsequent sessions.
What does Open Interest increasing faster than prices warn?
OI increasing faster than price usually reflects the opening of additional leveraged positions to 'chase' the trend. This can help prices move faster in the same direction, but it also makes the market susceptible to strong volatility if prices stagnate, as positions may be forcibly closed.
Why is the liquidation of many shorts beneficial for buyers?
When short positions are liquidated, short sellers are forced to buy back to close their positions, creating additional buying pressure and potentially causing a short squeeze. However, if the upward momentum is mainly due to liquidations, momentum may decrease as the amount of forced buying of shorts dwindles.
What does slightly negative funding indicate in an uptrend context?
Slightly negative funding indicates that the market is not overly biased towards long positions and long holders do not have to pay high fees. In some cases, this allows the uptrend to have more room, but funding can change rapidly when prices accelerate, increasing the risk of becoming 'too hot'.
Source: https://tintucbitcoin.com/pippin-tang-32-bo-giu-da/
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