PIPPIN Coin Surges 400%, Analyst Predicts Further Price Increase

PIPPIN, a meme coin, has experienced a notable increase in value, rising over 50% and doubling its worth within days despite a bearish crypto market trend.

The Breakout

  • Analyst Edoardo Telve identified a significant breakout after a seven-month accumulation period since March.
  • This breakout led to PIPPIN overcoming multiple resistance levels, marking the strongest bullish shift this year.
  • Key support levels are noted at $0.02, $0.03, and $0.05, maintaining upward momentum as long as prices stay above these points.

PIPPIN price

Future Prospects

  • PIPPIN's price surged over 400% in the past week, reaching above $0.19 during a Sunday rally.
  • Rising volume and strong candles suggest buyer-driven growth rather than a liquidity grab.
  • The target price is set between $0.3-$0.32, a historical supply zone where sell-offs might begin.

PIPPIN price chart from Tradingview.com