PIPPIN crashes 44% as liquidation cascade drives market reset; support at risk

Pippin’s market shifted from expansion into exhaustion, with the price falling from near $0.80 to about $0.035, a move that signaled a liquidity flush. The drop exceeded 44% on rising volume, consistent with forced exits as speculative momentum unwinds.

Price action shows weakening demand

As the sell-off progressed, the price structure weakened into lower highs through March, reflecting fading demand. A similar consolidation had formed earlier around $0.35–$0.40, where price paused before breaking down sharply—an indication that trapped liquidity can build before a forced move lower.

That same pattern is now appearing near $0.035, where price is compressing after the drop. The article attributes this to sellers exhausting support while buyers step in cautiously. At press time, the RSI was nearing 27.9, signaling oversold conditions and suggesting selling pressure may be starting to fade.

This leaves a fragile balance: compression can reflect indecision, and a relief bounce may occur if buyers absorb supply. If support fails, the piece warns it could trigger another liquidation wave.

Liquidation cascade accelerates the breakdown

Liquidations drove the move and accelerated the breakdown, turning a weak structure into a rapid unwind. As prices fell, about $3.03 million in positions were liquidated, including $2.30 million in long positions, indicating buyers were overexposed.

As support gives way, exchanges force long positions to close, creating immediate sell pressure. That selling can push prices lower, prompting additional liquidations and producing a cascade effect.

Afterward, prices stabilized between $0.03 and $0.035, slowing the cascade. The article frames this as a market reset: forced exits remove weaker positions, leaving recovery dependent on fresh buyers.

Key support test and recovery levels

Pippin’s structure now reflects an attempt to stabilize after the sharp breakdown, with price holding near $0.037 following the decisive losses of $0.153 and $0.230. The piece says momentum has flipped, with earlier buyers exiting while new demand struggles to take control.

The move is pushing price toward the 78.6% retracement near $0.026, described as a zone where deep corrections often slow as selling exhausts. The article links this to fewer forced sellers remaining after earlier exits.

However, the inability to reclaim $0.153 suggests confidence remains low, limiting sustained upside. Buyers appear hesitant because the broader trend still points downward.

What to watch next

The article highlights a fragile range: holding $0.026–$0.037 could support a relief bounce toward $0.15, which would indicate early recovery. If this zone is not held, it could lead to another drop and extend the reset phase.

Final summary

• Pippin resets after a sharp drop and liquidation cascade, with price stabilizing near $0.03–$0.037 as selling pressure fades.
• Recovery depends on demand: holding support could enable a bounce, while failure risks further downside.