🔥 $PIPPIN Volatile Expansion with Post-Spike Consolidation
$PIPPIN printed a sharp upside spike followed by a quick retracement, and is now stabilizing near mid-range levels. The structure suggests short-term digestion after an impulsive move rather than immediate trend failure.
Price Action Context:
Price pushed strongly from the 0.305–0.31 base, accelerating into a fast expansion that tagged the 0.3469 high. The rejection from the top came quickly, signaling profit-taking at higher levels. Price is currently consolidating around 0.32–0.325, where buyers and sellers are reassessing control.
Market Structure Insight:
Despite the rejection wick, price is holding above the prior breakout zone, which keeps the short-term structure constructive. However, momentum has cooled, and continuation now depends on whether buyers can reclaim higher levels with acceptance.
Key Levels to Watch – $PIPPIN
Immediate Support: 0.318 – 0.320
Demand Zone: 0.305 – 0.310
Resistance: 0.335 – 0.347
Bullish Trigger: Clean hold above 0.335
Invalidation:
A sustained break below 0.305 would weaken the recovery structure and favor deeper consolidation.
For now, PIPPIN is in a post-impulse consolidation phase. Holding above 0.32 keeps upside potential alive, but confirmation is needed for continuation.
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