📉 PIPPIN UNDER PRESSURE: WILL THE CRITICAL SUPPORT HOLD? 🌑📉
Trading Plan: The 15-minute chart for PIPPIN/USDT shows a significant retracement after a period of high volatility. Currently trading at $0.33762, the price has dropped below its key moving averages, with the MA(99) at $0.36083 now acting as a stiff overhead resistance. While we see a minor attempt to stabilize near the $0.32192 local support, the short-term momentum remains bearish as the price stays trapped under the MA(7) and MA(25). Traders should watch for a decisive breakout above $0.36000 to confirm a trend reversal; otherwise, the risk of testing psychological support at $0.30000 remains high.