PIPPIN falls hard after $0.90 peak – Can bulls take back control?

Pippin’s [PIPPIN] price action reflects classic memecoin expansion followed by rapid unwinding, as momentum shifts from hype to distribution.

The rally from $0.20–$0.30 into the $0.90 peak shows aggressive speculative inflows, likely driven by social momentum and short-term positioning.

As the price approached $0.90, selling pressure intensified, leading to a sharp drop toward $0.15, which marked the first major profit-taking phase. This move weakened the structure, as buyers failed to sustain higher levels, allowing momentum to fade.

Source: TradingView

Price then consolidated briefly before breaking below $0.15, accelerating downside toward $0.0915, now acting as immediate support. RSI near 36 confirms bearish momentum, yet it is not fully oversold, which leaves room for further downside.

This decline reflects liquidity exit and fading demand, as speculative capital rotates out quickly. If $0.0915 fails, price may extend toward $0.05–$0.07, reinforcing a fragile, sentiment-driven structure.

Long liquidations accelerate as PIPPIN’s structure weakens

As price breaks below $0.15 and accelerates toward $0.0915, derivatives positioning confirms that the decline is driven by forced unwinding rather than fresh bearish bets.

Open Interest contracted to 74.14 million, dropping 12% in 24 hours and nearly 40% across major venues, which shows traders are closing positions instead of adding exposure.

Source: CoinGlass

This shift reflects a long unwind phase, where overleveraged participants exit as losses mount, amplifying downside pressure. At the same time, Funding Rates remained positive near 0.05%, which revealed that some longs still held positions, expecting a rebound despite weakening structure.

As liquidations increased, long-side wipes dominated, contributing to cascading sell pressure and reinforcing the breakdown. This imbalance highlights a fragile market, where liquidity thins as participants retreat.

With conviction fading and capital exiting, the structure becomes hollow, meaning price lacks strong support. Until Open Interest stabilizes and funding normalizes, the market remains vulnerable to further downside or sharp volatility spikes.

Short-term strength builds as PIPPIN finds a floor

After the sharp breakdown, price began stabilizing between $0.082 and $0.10, forming a clear short-term floor. As lower lows disappeared, buyers gradually absorbed remaining sell pressure, shifting structure from decline to accumulation.

The RSI recovered from oversold levels below 20 to around 50.6, signaling improving momentum as buying strength starts matching selling pressure. This transition suggests that short-term control is slowly rotating back toward bulls.

Source: TradingView

At the same time, volume declines noticeably compared to the crash on the 17th of March, indicating seller exhaustion as aggressive dumping fades. With fewer sellers, smaller buy orders can now influence price more effectively.

Price tightens below the $0.113 resistance, creating a compression range. If this level breaks, momentum could accelerate toward $0.15, confirming a short-term reversal structure.

Final Summary

• PIPPIN’s collapse from $0.90 to $0.0915, driven by long liquidations and a 40% Open Interest drop signals liquidity exit and fragile structure.
• PIPPIN stabilization between $0.082 and $0.10 with RSI recovery and declining volume suggests seller exhaustion, positioning for short-term rebound if $0.113 breaks.