The upward momentum has failed to sustain, and the price appears heavy after reaching recent highs. The most critical signal is the significant contraction in trading volume, indicating that buying momentum is waning. When demand is exhausted, supply begins to dominate, which typically creates a smoother downward path as long as sellers remain active.
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.
The rebound of $PIPPIN has shown signs of fatigue, and sellers are beginning to take control.
Go short on $PIPPIN now
Entry: 0.490 – 0.505
Stop Loss: 0.535
First Target: 0.470
Second Target: 0.425
Third Target: 0.400
The upward momentum has failed to sustain, and the price appears heavy after reaching recent highs. The most critical signal is the significant contraction in trading volume, indicating that buying momentum is waning. When demand is exhausted, supply begins to dominate, which typically creates a smoother downward path as long as sellers remain active.
Trade $PIPPIN here 👇