$PIPPIN's recent performance has drawn attention. The hourly chart remains weak, and on-chain data shows continuous outflows of funds, which often signal the arrival of downward pressure.

The current price is stuck at the key support level of 0.4, which can be seen as a life-and-death crossroads. If this defense line is broken, the price will directly face the target of 0.3, opening up the full downside potential. Conversely, if PIPPIN can hold at 0.4, it may actually present a technical rebound opportunity—entering with a small position to go long and waiting for gains during the rebound.

The game in the crypto market is like this: the same level can either be the starting point of a collapse or the pivot point for a reversal. For PIPPIN, 0.4 is such a crossroads. The next few candlesticks will determine the overall pattern. Traders looking to seize such turning points might consider this level as a key monitoring target.