Today, PIPPIN is too hot, the one-hour candlestick chart is surging upwards, market capitalization has exceeded 200 million USD, and it has skyrocketed by 42.3% in 24 hours! Qihe will analyze for you, ensuring that you gain something by the end. Remember to follow me, Qihe will help you avoid pitfalls and seize opportunities!
News:
Today, GMGN mentioned in the news that analysts have found abnormal trading in PIPPIN: some wallets are concentrating on accumulating, refusing to sell, deliberately driving up prices to lure shorts in, then 'spiking' to cause liquidation! This is a typical leveraged death game where the main players profit while retail investors become cannon fodder.
Technical Analysis: Opportunity or Risk?
Currently, the 1-hour chart of PIPPIN shows that the MACD golden cross is above the zero axis, indicating that the short-term trend is still bullish, but pay attention, insufficient volume + overbought signals! This means the main force may pull up while withdrawing, making it easy for retail investors to get caught at high prices. The resistance level above is 0.220, while 0.240 is a strong resistance level; the target support below is 0.158, and 0.114 is the bottom support.
Qihe's viewpoint:
Tonight, there is a high probability of a surge testing 0.220, even touching 0.24, but if the volume does not keep up, a rapid drop to 0.158 is not a dream! Remember, the more it rises, the harder it falls; Meme coins have always been known for their 'roller coasters'.
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