$pippin quick analysis
PIPPIN is currently trading around $0.370, needing a gain of nearly 43% to return to its all-time high of $0.530. After a 12.8% drop on the day, the token is struggling to hold above the $0.366 support zone. Weak market momentum reflects cautious sentiment and reluctance to buy at the moment.
However, the possibility of a recovery still exists if overall market sentiment turns positive. The Squeeze Momentum indicator suggests volatility is being suppressed, and if the market breaks out under favorable conditions, PIPPIN could surpass the $0.434 level and head towards the $0.530 resistance zone.
Conversely, downside risk will increase if momentum does not improve. Losing the $0.366 support level would weaken the technical structure, potentially causing PIPPIN to slide to $0.308, negating the bullish outlook and prolonging the correction phase.
