Sharp Reversal: $PIPPIN plummeted 13.5% to $0.4376, erasing previous gains, with market sentiment clearly turning bearish.

Bearish Technicals: MACD is negative, price below key EMA, confirming a downtrend, although RSI is near oversold levels (31.6), suggesting potential consolidation.
Smart Money Turning Bearish: Smart money has shifted to bearish, with the long-short ratio dropping sharply from a high of 3.17 to 0.74, as whales actively sell off long positions.
Profit-taking Pressure: On-chain data shows that both KOLs and smart money have significantly taken profits, with net selling driving the price downward.
Bearish Momentum Dominates
Price Action: PIPPIN fell 13.51% to $0.4376, trading below the 7-day and 25-day EMAs, indicating strong bearish pressure.
Technical Signals: MACD is negative, confirming a downtrend. However, RSI at 31.6 is near oversold territory, which may trigger short-term consolidation.
Key Levels: Immediate support is near the lower Bollinger Band at $0.4316 and the 24-hour low of $0.4117. Resistance is at the $0.443 level.
Whales Lead Bearish Reversal
Market Sentiment Collapse: The long-short ratio dropped sharply from bullish 3.17 to bearish 0.74, indicating a major shift in positions, with smart money turning negative.
Whale Positions: Long whale positions have significantly decreased, while short whale positions have increased, showing longs exiting collectively and shorts entering.
Profit-taking: Profitable long whale count decreased from 63 to 9, while profitable short whales surged from 10 to 46, confirming large-scale profit-taking.
Rebound Fades, Cautious Sentiment Emerges
Earlier reports indicated that PIPPIN's price surged 30% amid a broader meme coin rally, with on-chain data suggesting accumulation. However, this optimism was short-lived; subsequent reports pointed to a cautious derivatives market sentiment, signaling the current price correction.