Analysis of the PIPPIN/USDT pair from the chart (1-minute frame):
📉 General trend:
• Clear strong decline (series of red candles).
• The price broke the previous bottom and dropped to ~0.0587 → this indicates weakness in buyers.
📊 Indicators:
• RSI: below 30 approximately → Oversold area.
➜ We might see a slight rebound, but it doesn't mean a strong rise.
• Supertrend: turned bearish → confirms the continuation of selling pressure.
• Volume: increase in selling → sellers are in control.
📌 Important levels:
• Nearby support: 0.0585
• If broken: it could drop further (0.0578 – 0.0570)
• Resistance: 0.0600 – 0.0607
🎯 Scenarios:
1. Bearish scenario (currently the strongest):
• If it stays below 0.060 → decline continues.
• Breaking 0.0585 = additional drop.
2. Rebound scenario:
• It might rebound due to the low RSI.
• But the rebound is likely to be weak (scalp only).
💡 Tip:
• Do not enter a buy now unless confirmation appears (strong green candles + breaking 0.060).
• Currently, it's better to wait or just do a quick scalp.
• The market is in a weak state, so caution $PIPPIN #pippenusdt #US5DayHalt .