$PIPPIN is really doing something right now.
We had this crazy pump, like from 0.17 to almost 0.78 like a rocket, market cap easily hitting 700M, everyone was going crazy on X, then bam, it's back down, $0.496 this morning, -0.5% over 24h but really -35% from the high.
Volume is still insane, 247M tokens traded, so it's not dead yet, but it's a big sell.
The EMA25 at 0.51 is blocking badly, the EMA99 at 0.47 is pretending to hold, but if it breaks below that, it's over.
Memecoins oversold, yeah, okay, but memecoins after such a violent pump with nothing behind it, just AI hype + Solana bullshit, it often ends in a freefall on X.
Some say it's bottomed, others talk about whale dumps and CEX manipulation, personally I feel the real fall coming, like 0.40 then straight to 0.27-0.30.
If we lose 0.47, easily another 30-40% loss without even trying.
No messing around, I'm staying short or waiting for the bottom.
I've seen too many friends get wiped out on these kinds of tokens.
#pippin #memecoin