PIPPIN Can Challenge Resistance Level 0.510-0.531 USD: Whale Maintains Strong Long-Term Position

robot
Abstract generation in progress

Recent price movements of PIPPIN show positive signals as the asset is recording stability above key EMA levels. Real-time data indicates the current price at $0.49, with a 24-hour trading volume of $5.42M, reflecting significant interest from the investor community.

Whales and Long-Term Buying Positions Hold the Advantage

The current decisive factor is the accumulation of long-term buy orders from major market players. Whales are maintaining strong positions amid continuous buy-ins at lower price levels. The order book currently shows a clear dominance of the buy side, supporting the potential formation of a sustainable upward trend in the near future.

Increasing Open Interest and Growth Potential

The rise in open trading interest plays a crucial supporting role for PIPPIN’s current trend. This indicates that new positions are being opened, reflecting bullish expectations from seasoned traders. The $5.42M trading volume in the past 24 hours also demonstrates market flexibility and attention.

Next Resistance Level and Price Outlook

If PIPPIN can successfully defend the support level at $0.414, the asset will have the opportunity to challenge the upper resistance zone around $0.510–0.531. This will be a key turning point to determine whether the upward trend can continue. Traders monitoring pippin took should pay attention to these target prices but also remain cautious of unexpected volatility.

In summary, whale activity and ongoing market buying pressure remain the main factors influencing PIPPIN’s future direction. Maintaining above EMA levels will be an important indicator to assess the health of the current trend.

PIPPIN-4,28%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt