The Binance contract position of $pippin has quickly dropped after reaching a high point today. Most of the long holders have already exited, and the bears have also been wiped out, with the funding rate hitting a recent low of -0.44%. Will we see a plunge after hitting the peak?

$0.33 is the endpoint of this round of movement, no doubt about it. If there is another attempt to rise, it can still be dominated by shorts, with the previous high as the stop loss.