PIPPIN is repeatedly testing the critical level at 0.5, and the market is fiercely battling here. Whether it can hold this resistance line will directly determine whether it continues to rise or retraces again.

Compared to the neighboring BEAT, which slid from 4 down to 2 and has already experienced a fierce sell-off, PIPPIN has still managed to withstand the pressure. Recently, mysterious funds have added another 6 million U in margin, indicating that the buyers behind the scenes are indeed reluctant to give up easily. This investment shows the determination of the bulls.

The probability of holding steady at 0.5 is still there, and the opportunity has been given several times. To continue holding positions here, one must be psychologically prepared, as the market is never lenient.

This reminds people of MYX and COAI from earlier times, which kept pushing prices up with negative fees, crushing the shorts and leaving almost no window for counterattack. The level of suppression against the opposing side that PIPPIN is now demonstrating is similar. The key is whether it can break through this resistance level; the trend after the breakthrough will be the real test.