PIPPIN Shows Resilience Above Key Averages Despite Recent Selloff

DataChief · 2026-01-05T14:57:40+00:00

PIPPIN is trading at $0.35, down 28.08%. Whale accumulation signals confidence, despite potential risks. Key support at $0.414 could lead to recovery towards $0.510–$0.531, but caution is advised due to high leverage and recent declines.

DataChief

2026-01-05 14:57:40

Abstract generation in progress

PIPPIN is currently trading at $0.35, down 28.08% over the past 24 hours with $12.18M in trading volume. Despite the recent pullback, the asset continues to defend its position above critical exponential moving averages, which have historically acted as dynamic support during medium-term rallies.

Whale Accumulation Signals Market Confidence

Large holders remain actively long on PIPPIN, with open interest expansion pointing to growing leveraged exposure in the market. This concentration of whale positions suggests institutional confidence, though it simultaneously elevates downside risk if sentiment reverses. The dip-buying activity observed at support levels indicates that accumulation phases persist even as prices face short-term headwinds.

Path Forward: Critical Levels to Monitor

If buyers successfully defend support near $0.414, PIPPIN could stage a recovery push toward $0.510–$0.531 resistance levels. Technical indicators align with this bullish setup, though traders should remain cautious given the elevated leverage and the sharp intraday decline. The interplay between whale longs and profit-taking will likely determine whether PIPPIN maintains its medium-term uptrend or faces deeper consolidation.

PIPPIN-6,04%

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