$PIPPIN Approaching Major Liquidity Zone — Deeper Sweep Possible

PIPPIN is currently trading around the $0.35 region after rejecting the recent rally high near $0.90. On the daily timeframe, price structure is showing signs of distribution with lower highs forming and momentum cooling. The market is now sitting above a key value area around $0.31, but this support has been tested multiple times and is starting to weaken.

On the 4H structure, we can see equal lows building below the current range while the volume profile shows a thin liquidity area under the $0.31 zone. When this happens, price often moves quickly through the low-volume region to fill the next major liquidity pool. The next strong demand zone sits around the $0.27–$0.25 area, which could act as a magnet for price if the $0.33 support breaks.

RSI on both timeframes is hovering around the neutral-to-bearish range while volume has been decreasing during the consolidation phase. This combination often signals a continuation move toward liquidity before a potential relief bounce. If price sweeps the $0.27–$0.25 demand zone and buyers step in, we could see a strong reaction from that area. 🔥💸