PIPPIN 4H — price moving inside a descending channel with a clear reaction zone above
$PIPPIN is trading around $0.280, and the chart shows price climbing toward the upper boundary of the descending channel. There’s a clear resistance zone above, highlighted on the chart, and this is the area where the market has reacted multiple times.
The structure remains bearish overall. Even with the recent bounce, price is still moving within the channel, and the projection on the chart outlines a possible scenario:
A push into the upper resistance zone
Followed by a potential rejection
With downside targets toward $0.15397, the key support marked below
The lower boundary of the channel aligns with that $0.15397 level, making it an important area if sellers regain control.
In simple terms:
PIPPIN is approaching resistance inside a downtrend. If it fails to break out of the channel, the chart favors a move back toward $0.15397.
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