CLO has clearly lost upward momentum after a 35% increase. The price is repeatedly oscillating within a narrow range of short-term moving averages, which usually indicates the exhaustion of bullish forces and a period of silence before a major trend decision. Technically, the RSI is stuck at 55, neither showing overbought nor weakness, while the MACD has formed a clear death cross signal. More notably, the trading volume has shrunk dramatically, market participation is severely lacking, and each transaction appears scattered and weak.

Since falling from a high of 0.76, each rebound has weakened, which is not preparing for a subsequent surge but rather signals that the bears are waiting for an opportunity. The current price is 0.7155, and the overall structure has already weakened.

PIPPIN's situation is even more extreme. The frenzy caused by a single-day surge of 37% has come to an end, with the RSI soaring to 87.16, entering an extremely overbought zone. The price is above the long-term moving average, but the support below is not solid. The most dangerous signal is volume-price divergence—trading volume is increasing, but the price has not made new highs, often indicating that major funds are quietly reducing their positions at high levels. After overbought conditions, adjustments are usually rapid and fierce; the current price of 0.38368 is already at a very unfavorable risk-reward ratio.