1. Bullish Trend (Bullish Case)
The Rise of Whales: On-chain data shows that the flow of funds from large investors (Whales) is supporting the price, creating a short-term bullish trend on the 4-hour chart.
Strong Recovery: PIPPIN has recently recorded spikes (at times up to 115% - 159%) due to renewed interest from the community and improved liquidity.
Technical Target: If buying pressure is maintained, the price could head towards the resistance zone of $0.39 - $0.43, and further to the mark of $0.60 to establish a new record.
2. Bearish Trend & Risks (Bearish Case)
Profit-Taking Pressure: After hot increases, the outflow of funds has started to rise, creating significant selling pressure on the current price (trading around $0.27 - $0.29).
Bull Trap: Experts warn about the risk of a "bull trap" as PIPPIN has not yet fully escaped the bearish structure from the all-time high ($0.55) reached at the end of January.
Bearish Divergence: On some timeframes, the risk of bearish divergence could lead to a deep price adjustment if key support levels are not maintained.
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