PIPPIN's recent trend is not very optimistic. From a technical perspective, the price has broken through all major moving averages, with MA(7), MA(25), and MA(99) lined up downward, indicating quite fierce short-term downward momentum. Currently, the price is approaching the 24-hour low; if it breaks below 0.35761, there may be further downside risk.

Regarding market sentiment, what does high trading volume accompanied by a decline usually indicate? Panic selling or stop-loss cascades are happening. At the moment, there are no clear bottom signals. However, on the other hand, the long-term gains of this coin are indeed significant, and the recent correction might just be a normal adjustment, so there's no need to panic excessively.

But a reminder: "bottom fishing" requires caution. The bottom is often unpredictable, and the price may continue to probe lower. If you're trading perpetual contracts, don't forget the hidden killers—funding rates and liquidation risks. Once leverage is added, losses can multiply. Also, based solely on this information, lacking confirmation from RSI, MACD, or key support and resistance levels, it's hard to determine whether the asset is truly oversold or about to reverse.

My advice is this: if you want to participate, make sure to do your risk management—set stop-losses, control your position size, and definitely avoid high leverage. It’s best to combine multiple indicators like candlestick patterns, volume profiles, or market news for a comprehensive judgment. Remember, cryptocurrency markets are volatile and unpredictable; never gamble with money you can't afford to lose. Ultimately, the decision is yours, based on your risk tolerance and trading plan. Happy trading!