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Pippin’s [$PIPPIN] market shifted from expansion into exhaustion, as a sharp drop from near $0.80 toward $0.035 signaled a clear liquidity flush. This move exceeded 44% on rising volume, which shows forced exits as speculative momentum unwinds.
As this unfolded, the price structure weakened into lower highs through March, reflecting fading demand. Earlier, a similar consolidation formed around $0.35–$0.40, where the price paused before breaking down sharply. That setup showed how trapped liquidity often builds before a forced move lower.
Source:
$PIPPIN/
$USDT on TradingView
Now, the same pattern reappears near $0.035, where price compresses after the drop. This happens because sellers exhaust support while buyers cautiously step in. At press time, RSI was nearing 27.9, signaling oversold conditions, suggesting selling pressure begins to fade.
This creates a fragile balance, where compression reflects indecision. If buyers absorb supply, a relief bounce may follow; however, failure to hold support could trigger another liquidation wave.
Liquidation cascade drives $PIPPIN’s breakdown
Liquidations took control of the move and accelerated $PIPPIN’s breakdown, turning a weak structure into a rapid unwind. As prices dropped, about $3.03 million in positions were liquidated, with $2.30 million in longs, showing buyers were overexposed.
Source: CoinGlass
As support gives way, exchanges force long positions to close, putting immediate sell pressure on the market. This selling lowers prices, which prompts additional liquidations, resulting in a cascading effect.
However, prices then stabilized between $0.03 and $0.035, where the cascade slowed. This move resets the market, as forced exits remove weak hands, leaving recovery to fresh buyers.
$PIPPIN tests key support as recovery hinges on…
$PIPPIN’s structure now reflects a market trying to stabilize after a sharp breakdown, where price holds near $0.037 following a decisive loss of $0.153 and $0.230. This shift shows momentum has flipped, as earlier buyers exit and new demand struggles to take control.
The move pushes price toward the 78.6% retracement near $0.026, a zone where deep corrections often slow as selling begins to exhaust. This happens because most weak hands have already exited, leaving fewer forced sellers in the market.
Source:
$PIPPIN/
$USDT on TradingView
However, the inability to reclaim $0.153 shows confidence remains low, which limits sustained upside. Buyers hesitate, as the trend still points downward.
This creates a fragile balance, where holding $0.026–$0.037 could support a relief bounce toward $0.15. That move would signal early recovery, yet failure to hold this zone may trigger another drop, extending the reset phase.
Final Summary
- $PIPPIN resets after a sharp drop and liquidation cascade, with price stabilizing near $0.03–$0.037 as selling pressure fades.
- $PIPPIN now depends on demand, where holding support enables a bounce, while failure risks further downside.
