2026-01-11 11:26:09

PIPPIN's recent market movement truly demonstrates what it means that "the higher you go, the colder it gets." In the past 90 days, it rose by 2346.41%, and in 180 days, it increased by 1788.74%. Traders once had their eyes squinting with joy, rushing to $0.43649 as if reaching the mountain's peak. But what happened next? Once the high level couldn't be maintained, the selling pressure surged like a dam breaking, causing the price to instantly break through key support levels, plunging straight down to a low of $0.33455. Even when it later rebounded to $0.34054, the rebound appeared weak—still a daily drop of 18.49%.

In the past 24 hours, the trading volume smashed in at 241 million USDT, with a total turnover of 640 million. Just look at how this volume changed—during the decline, the trading volume surged sharply. In plain terms, large funds are accelerating their exit at high levels, destroying the previously accumulated upward trend completely.

From a trading perspective, how should we view this? First, never rush into buying on impulse—that's too risky. If you want to gamble on a short-term rebound, wait until the price returns to the $0.3600-$0.3800 range, and use small positions to test the waters. Only after the price stabilizes above recent key resistance levels should you consider taking action.

For short sellers, the first target is set at $0.3400, and the second target at $0.3300. If the downtrend continues, $0.3200 could also be touched. Remember to set a stop-loss at $0.3800—once the price breaks this level, the short-term downtrend is likely to ease, and it’s time to cut losses.

My view is that this cliff-like crash of PIPPIN is essentially a concentrated escape of profit-taking. Although the 30-day increase of 2.56% shows some signs of bullishness, the short-term selling pressure has already intensified significantly. As long as it doesn’t break the $0.3800 stop-loss line, the bearish logic remains unchanged. For those looking to buy the dip, the risk is now too high; they must wait for a clear stabilization signal before acting. For those aiming to short, don’t chase blindly—wait until the price rebounds to resistance levels before entering, so you can more safely capture profits from the downward trend.

PIPPIN-0,93%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
4
Repost
Share

Comment

0/400

MysteriousZhang

· 21h ago

Another high-altitude diving act, every time someone gets trapped Big funds are really good at running away this time, retail investors are probably all confused now Not bottoming out is really the right decision, this rhythm clearly shows no signs of stabilization I'll consider trying a small position if it rebounds to $0.36-$0.38, but I can't touch it now For short positions, I favor a break below $0.34, the high volume indicates there’s still room to go down $0.38 is a dead line; if broken, you have to admit defeat, no negotiations This wave has almost wiped out the previous gains, too fierce

View OriginalReply0

BearMarketMonk

· 01-11 11:54

Just another self-destruction of a bubble; history always repeats itself.

View OriginalReply0

MEVHunterNoLoss

· 01-11 11:53

Once again, it's the pattern of opening high and closing low. The signal of big funds fleeing is too obvious. My goodness, this PIPPIN wave really numbed people. It rises insanely fast and falls even faster. Those trying to bottom fish should wait for stabilization signals. Trying to buy now is just asking for trouble. Don't touch the $0.3800 line. Once it's broken, accept the loss. To cut a long story short, that's it. Honestly, there's nothing wrong with the bearish logic. The key is not to be fooled by the rebound. This drop is just profit-taking fleeing. With volume expanding to this extent, who dares to bottom fish? Feels like we're heading back to $0.3200. The short-term bearish joy is here. Don't chase the short position. Wait for the rebound to the resistance level before entering. That's the right approach. If it doesn't break above $0.3800, continue to be bearish. It's that simple. 180 days up 1788%, and then it plummeted. This is the market, I guess. Trying a small position now is about right. Going all-in now is just asking for death. It's all big funds fleeing at high levels. Retail investors should just wait patiently for signals. The $0.3400-$0.3300 targets are locked in. If it drops, wait for the rebound. This kind of volume-driven decline still has room to go. Don't rush to bottom fish. The bulls' eyes are squinting now. It's time for the bears to put on a show.

View OriginalReply0

ILCollector

· 01-11 11:41

Damn, it's the same old trick again. The bagholders at high levels are going to have to pay tuition fees again. It surged so aggressively earlier; I knew something would happen. I told you not to be greedy. The speed at which big funds are withdrawing is truly remarkable. When trading volume increases, this is what happens. That $0.38 level really needs to hold; otherwise, it will keep crashing. Let's wait for a rebound. Right now, bottom-fishing is just throwing money away.

View OriginalReply0