$PIPPIN recent price movement hasn't been looking too optimistic. From a technical perspective, the price has broken through all major moving averages, with MA(7), MA(25), and MA(99) aligned downward, and the short-term downward momentum is quite fierce. The current price is approaching the 24-hour low, and if it breaks below 0.35761, there could be further downside risks.

Regarding market sentiment, what does large trading volume accompanying the decline usually indicate? Panic selling or stop-loss cascades may be occurring, and no clear bottom signals are visible yet. That said, this coin has indeed seen significant long-term gains, and the recent pullback might just be normal correction—no need to panic excessively.

However, I must remind you to be careful with "bottom-fishing." Bottoms are often hard to pinpoint, and prices could continue declining. If you're trading perpetual futures, don't forget the two hidden killers: funding rates and liquidation risks. Once leverage is applied, losses can multiply exponentially. Moreover, based solely on this information lacking confirmation from RSI, MACD, or key support/resistance levels, it's difficult to determine whether oversold conditions or a reversal is truly imminent.

My advice is this: If you want to participate, you must do your homework on risk management—set stop-losses, control position sizes, and absolutely avoid high leverage. It's best to combine candlestick patterns, volume profiles, or market information for multi-angle analysis. Remember, cryptocurrency is full of dramatic swings—never gamble with money you can't afford to lose. Ultimately, the decision is in your hands; make it based on your own risk tolerance and trading plan. Good luck with your trading!