Price Position and Structural State
Pippin (PIPPIN) closed at 0.01683 USDT on July 16, 2026, up 2.50%. The asset now sits in a sideways structure near the bottom of its 55-day range. Current 55-day support is near 0.01227 USDT, with resistance near 0.0286 USDT. A daily close below 0.01227 USDT would confirm a downside regime shift. A hold near support would keep price inside the range.
Moving Averages and Trend Context
PIPPIN is trading between key moving averages. MA9 at 0.016667 USDT stands as moving-average support, while MA20 at 0.017673 USDT stands as moving-average resistance. This creates a clear decision zone. A sustained hold above MA9 at 0.016667 USDT keeps the structure constructive, while a rejection near MA20 at 0.017673 USDT leaves the trend unresolved.
Trading Friction and Price Efficiency
PIPPIN shows high trading friction, with a 3-day friction score of 25.5. The score combines price progress, wick rejection, and volume confirmation. Recent candles show contested movement, with weak price progress or heavier wick rejection. In this condition, moves near support or resistance carry less weight until price closes more cleanly.
Open Interest, Funding, and Positioning
Open interest fell -1.10% in one day and remains near the lower side of its 180-day range. This shows participation is weak and exposure is still being reduced.
Funding is positive on the 24-hour average at +0.008418%, with the 7-day average also positive at +0.007949%. This shows sustained long-side cost pressure across both short and medium windows.
The long/short ratio is 2.57, sitting near the lower side of its 90-day range at 17.43%. This means long accounts still dominate, but the long tilt is weaker than usual compared with recent history.
Correlation, Beta, and Index Relationship
PIPPIN shows a moderate relationship with the broader crypto market (Sigloid Index). Correlation indicates partial co-movement with the index, while R² suggests that index behavior explains only part of its movement. This means broader market direction has some influence, but asset-specific factors remain important. Over the 30-day window, the relationship is stable. Over the 60-day window, the relationship is stable. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.506 | 1.434 | 0.256 | Moderate linkage |
| 60D | 0.542 | 1.837 | 0.293 | Moderate linkage |
| 180D | 0.176 | 0.849 | 0.031 | Weak linkage |
Momentum, Volatility, and Indicator Pressure
PIPPIN remains in a low-volatility setup. ATR% reads 11.22, close to the bottom of its full historical range, and Bollinger Band width% reads 39.80, close to the bottom of its full historical range. 20-day Volume Z-score is -0.42, so participation is not forcing a broader move yet.
Momentum is mixed. RSI is 46.00, ROC14 is -21.06%, and MACD histogram does not confirm a clean direction. Indicator pressure remains uneven.
The read is simple: volatility is compressed and momentum is not strong enough yet. A better signal would need range expansion with stronger volume.
Broader Market Regime
The Sigloid Index remains in a sideways regime, showing no clear broad market direction. PIPPIN has a moderate link to that market condition, so broader market moves can influence price behavior, but the effect is not consistent.
Key Levels for the Next State Change
For PIPPIN, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.0286 USDT establishes a bullish regime, while a daily close below 55-day support at 0.01227 USDT confirms a bearish regime.