PIPPINUSDT has recently shown significant volatility, with the price sharply retreating after reaching a high above 0.50, currently oscillating around 0.385. High trading volume accompanied by long upper shadows indicates significant selling pressure above, and notable market divergence.
The current price level is at a critical watershed. 0.385 is the primary support in the recent period, and if lost, it may test the stronger support area at 0.35. The resistance above is located in the range of 0.42-0.45.
In the short term, it is highly likely to enter a consolidation phase to digest previous gains. The directional choice will depend on the price's breakout situation in the range of 0.35-0.42. If it can hold above 0.35 and volume increases, there is still a possibility of a bullish attack; conversely, if it continues to break down, the time and depth of adjustment may be extended. #PinPin #GUN