$PIPPIN We’re approaching the first support level. If it holds and we see rejection candles with long lower wicks on lower timeframes followed by a bounce, this would confirm a potential bottom and the end of the downtrend wave. Not immediately though — it will likely be preceded by a short period of sideways movement.

If this level fails and breaks, there is a stronger historical support below, which aligns with the previous peak of the coin.
The key level to watch is 0.043. A breakout above it, supported by strong volume and followed by a successful retest (two 4-hour candles holding above), would be solid confirmation of the start of a new upward wave.
If price gets rejected downward instead, it would signal the beginning of a new accumulation phase, with new whales rotating positions and building their bags.
I don’t expect a collapse, but rather a cooling-off period and accumulation phase before another move upward, regardless of the timeframe.