In this analysis, I am evaluating PIPPIN$pippin on the 1-Day timeframe, especially for those traders who trade with a long-term perspective. The overall structure on the daily chart clearly appears bearish.
🧱 Market Structure Analysis$ETH
Price has given a decisive breakdown below critical support 0.2695 and is now approaching the 0.2292 support level.
Consistent lower highs and lower lows on the daily chart confirm a bearish market structure.
24H High: 0.3381
A gap of 24.19% from the current price, indicating strong overhead resistance.
It seems difficult for bulls to recover until the structure changes$BTC
➡️ Overall structure is clearly in a downtrend.
📌 Key Levels (1-Day Timeframe)
Support:
🟢 0.2292
Resistance:
🔴 0.3485
These levels will serve as decision-making zones for long-term traders.
📊 Volume Analysis
Recent daily red candles have been observed with above-average volume:
Current Volume: ~292M
30-Day Average: ~180M
A volume spike during the breakdown indicates strong selling pressure and possible capitulation, which signals bearish continuation.
💸 Capital Flow Analysis
Capital flow data also strongly supports the downside:
24H: -6.46M
7D: -13.49M
2H: -1.58M
Consistent net outflows across multiple timeframes, especially short-term (2H), indicate institutional selling pressure.
🧠 Conclusion
The trend of PIPPIN on the daily timeframe is clearly bearish.
The breakdown, high selling volume, and continuous capital outflows together confirm that the downside risk is still significant until the price shows stabilization at strong support.
📉 Following the trend seems to be a safer approach in this phase.#PIPIN #CryptoNewss #CryptoAnalysis" #Market_Update $#BinanceSquare #CryptoAnalysis #PIPPIN #Altcoins #Downtrend #CryptoTrading
