PIPPIN has fallen from a high of 0.76 down to around 0.42, and recently it’s starting to show signs of losing support.

Looking closely at the technical charts, the 15-minute and 1-hour levels have already stabilized at the low point of 0.4058, and then it started to gradually climb back up. More importantly, the downward speed on the 4-hour chart has significantly slowed, no longer showing a flood-like decline. The market sentiment is also quite interesting — active buy orders at the bottom are quietly increasing, and the holding positions haven't continued to decline sharply, indicating that some investors are quietly accumulating at low levels.

For such volatile tokens, the phase of repeated oscillation at the bottom often represents the accumulation of bullish momentum. The key now is whether it can hold steady within the 0.40 to 0.43 range. Once it effectively breaks through the 0.45 resistance line with increased volume, the bullish window will be fully open, and the initial rebound can target the 0.5 level.

Honestly, the process of forming a bottom will definitely not be smooth sailing; repeated oscillations and shakeouts are common. The main thing is to hold the support levels below and not be scared out by sudden drops.