$PIPPIN Current situation: "A Warrior's Rest or the Beginning of a Decline?"
After a very strong upward wave recently experienced by the currency, we now observe a clear decline in price; it is currently trading around $0.31 - $0.33. This drop comes after it reached higher levels of approximately ( 0.50$ and 0.70$ in previous periods), making the current scene seem like a harsh correction.
Reasons for the decline (simply):
1. Collective profit-taking: It is very natural after rocket-like increases ( of more than 1000% in a few months) for investors who bought at low prices to start sell