$pippin

short:- $pippin

📉 PIPPIN ($PIPPIN) Market Structure: Watching for a Potential Pullback? 📊

Analysis:

Pippin ($PIPPIN) has been one of the most talked-about AI-themed memecoins on Solana lately, showing massive volatility. Looking at the current chart, the price action suggests we are entering a phase where the bulls might be losing steam, leading to a possible technical correction.

Technical Breakdown:

Resistance Rejection: The price is facing a clear struggle around the $0.4100 level. As seen in the recent candles, every push higher is being met with selling pressure, creating upper wicks that signal a lack of momentum to break higher for now.

Structural Shift (Red Pathline): The red line indicated on the chart shows a potential path towards a 'Lower High.' If PIPPIN fails to hold its current local support, the structure could flip bearish in the short term, targeting deeper liquidity zones.

Key Support Levels to Watch:

Immediate Support: $0.3500 – A break below this could accelerate the sell-off.

Major Demand Zone: $0.2930 – $0.3000 – This is where historical buying interest has been seen.

Trader’s Insight:

When a high-beta asset like PIPPIN reaches a major resistance after a parabolic move, a "healthy correction" is often necessary for long-term sustainability. Instead of chasing the pump, smart traders wait for the market to establish a solid floor at support levels.

What is your strategy for $PIPPIN? Are you holding for the long haul or waiting for a better entry? Let’s discuss below! 👇

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