PIPPIN is displaying a concerning pattern on the daily chart at the moment. The repeated bounces are each topping out at lower levels, forming a series of lower highs that suggests weakness. The key level to watch remains at 0.4—a retest of this zone could potentially spark another attempt toward new highs. However, based on the current price action, the momentum appears to be leaning toward further downside for now. Keep an eye on how the token behaves around that critical support to gauge whether we're setting up for a reversal or continued bearish momentum.