$PIPPIN's recent performance can be described as a typical market maker fee harvesting strategy. Just as some investors are rushing to cut losses and sell, the market suddenly dumps straight down with double whammy of price plunge and fees, which has indeed caused significant losses for many retail investors.

From a trading logic perspective, there is no clear indication of a bearish reverse operation yet, basically just a straightforward harvesting of the roller coaster. The price is likely to oscillate repeatedly at high levels, and in the short term, it may continue to sideways consolidate.

From a technical standpoint, the price point of 0.4 is quite critical—if it breaks below this level, whether it can hold the solid support will be the real signal of a reversal. Regardless of how high the rebound went in the middle, the risk of adding positions now is quite high. The market rhythm is somewhat chaotic at the moment, and based on the cycle, this coin may continue to fluctuate for another 4-6 days before a clear direction emerges.

Specific technical details and potential future changes will be analyzed in more detail later.