$PIPPIN's recent rebound appears to be quite popular on the surface, but the underlying strength is truly weak. The most obvious signal is that the open interest is rising, while the price hasn't kept up, a clear divergence that immediately reveals itself.



From the daily chart, there are occasional rebounds during the drop from 0.76, but these rebounds are like a dying light, lacking sustainability. On the 4-hour and 15-minute charts, the candlesticks are oscillating repeatedly, sometimes seeming to stabilize, but the actual situation is likely that the bears are secretly gathering strength, preparing for the next sell-off.

At this critical juncture, rashly bottom-fishing and going long is basically like jumping into a pit. Instead of rushing, it's better to be patient and see if it can break through the 0.39 support level completely. If it does break through, that would be a good opportunity to observe for a rebound. Jumping in now just to follow the trend will most likely make you a foil for the savvy funds.
PIPPIN0,77%
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
  • 4
  • Repost
  • Share
Comment
0/400
RugpullSurvivorvip
· 4h ago
Haha, those who are buying in this wave are probably going to pay tuition fees. I bet five dollars that it's another fake rally to lure more buyers.
View OriginalReply0
GateUser-0717ab66vip
· 4h ago
Open interest is rising, but the price is still dragging down. This kind of divergence is obviously suspicious; the bears are brewing a big move. Don't believe me? Every rebound looks like a dead cat bounce, with no sustained momentum. Those daring to buy the dip now are probably just bagholders. Let's wait until it really breaks below 0.39 before making any moves. This wave of hype is just hot air; don't be fooled by appearances. The deeper you look, the more unsettling it gets. With such obvious volume-price divergence, only fools would jump in now. Better to wait and see. The bears are clearly gathering strength; the next big dump could be right around the corner. No matter how strong the bulls are now, it's all in vain. The open interest is rising while the price remains stagnant—this is a big trap. I won't touch this rebound. Every time it seems like it will stabilize, it suddenly drops again. This rhythm is all too familiar; the bears are playing psychological warfare.
View OriginalReply0
OnchainHolmesvip
· 4h ago
Open interest is rising but the price isn't following; there's definitely something fishy about this wave. Let's wait until the bottom is reached before talking. Entering now just benefits the big players.
View OriginalReply0
token_therapistvip
· 4h ago
Coming back with the same trick? The open interest is rising while the price stays still—classic signal of a trap to lure in buyers. Wait until it breaks below 0.39 before talking. Buying in now just means getting chopped up like a leek. This rebound is just a cover-up; the bears are still holding their big move.
View OriginalReply0
  • 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