PIPEDOG is showing clear weakness on the 1H chart, with price continuing to form lower highs and lower lows after losing the previous consolidation around $0.0025.
The key level underneath is $0.001856, which has acted as the main demand area. A sweep into this zone followed by a strong reaction could give buyers the first real chance to reverse the current short-term structure.
A successful bounce from there could send $PIPEDOG back toward $0.0028-$0.0030, where the marked supply zone sits. That would be a significant recovery, but price needs to reclaim the lower resistance levels first.
If $0.001856 breaks decisively, the bullish setup weakens considerably and further downside becomes likely. Until that level is tested and defended, the safer approach is to wait for confirmation rather than catch the falling move.
#Meme Alpha# #Altcoin Season# #Crypto
The key level underneath is $0.001856, which has acted as the main demand area. A sweep into this zone followed by a strong reaction could give buyers the first real chance to reverse the current short-term structure.
A successful bounce from there could send $PIPEDOG back toward $0.0028-$0.0030, where the marked supply zone sits. That would be a significant recovery, but price needs to reclaim the lower resistance levels first.
If $0.001856 breaks decisively, the bullish setup weakens considerably and further downside becomes likely. Until that level is tested and defended, the safer approach is to wait for confirmation rather than catch the falling move.
#Meme Alpha# #Altcoin Season# #Crypto
