$PIPPIN recently surged with a volume increase of 37.4% and broke out strongly. Coupled with a significant rise in holding data, this looks more like institutional funds building positions rather than a simple short squeeze. From a price action perspective, the buying pressure is solid, and no obvious selling pressure has been observed.

For a bullish approach, the range between 0.3800 and 0.3900 is a good entry window, with a stop-loss set at 0.3550 (this is rigid). On the upside, first target 0.4500, then 0.5000.

The most interesting part is that this breakout was accompanied by a massive volume of over 226 million, and the open interest is also increasing. This pattern of capital inflow is actually quite healthy. After the price broke out, there was no rapid plunge back, indicating that the buying is genuine and being absorbed. As long as the price can hold above 0.3800 and consolidate at this level, the upward momentum is still expected to continue toward the first target zone. Worth paying attention to.