On January 29, news reports indicate that while most Meme coins are under pressure and retreating, Pippin (PIPPIN) is defying the trend and strengthening, with a 69% increase over 24 hours, becoming the market focus of the day. Along with the price surge, trading volume skyrocketed by over 600%, and open interest also rose simultaneously, indicating a rapid increase in short-term speculative demand.
This rally has pushed PIPPIN into a sensitive price range. The liquidation heatmap from the derivatives data platform shows significant liquidity accumulation around $0.55 and $0.47. If the price falls below $0.47, long liquidations may be triggered, amplifying the correction; if the price stabilizes and breaks through $0.55, it could trigger short covering, further pushing the price higher. In the short term, PIPPIN is particularly sensitive to changes in market sentiment.
On-chain tracking data shows that on January 28, PIPPIN was one of the tokens with the largest single-day buying volume by savvy funds, with a trading volume exceeding $120,000. Such funds tend to move quickly in and out, which can both drive the market and cause high-position selling, thereby increasing volatility. The influx of large funds has raised attention but also increased the risk of rapid price pullbacks.
From a technical perspective, PIPPIN is currently above the 50% Fibonacci retracement level, with the price approaching the previous high of $0.71. If subsequent volume increases and the price breaks through the resistance zone of $0.55–$0.56, the upside could extend to around $0.90, corresponding to a higher retracement zone. Conversely, if the price falls below $0.55, the trend may weaken and retest the support at $0.47.
In an environment where Meme coin volatility is intensifying, PIPPIN’s strong performance has attracted a large amount of short-term capital. The future trend will still depend on the battle between bulls and bears at these key levels.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Geopolitical Fears Drive Crypto Community Chatter to a New Peak
_WW3 mentions surge to 2025 highs, driving sharp Bitcoin volatility before a rapid rebound above $69K._
Rising geopolitical tensions have spilled into crypto markets once again. Online discussions about a potential “World War 3” have surged to levels last seen in mid-2025. Price swings
LiveBTCNews12m ago
ETH short-term increase of 1.01%: ETF capital net inflow and ecological upgrade expectations resonate to drive a rebound
2026-03-02 16:30 to 16:45 (UTC), ETH short-term price surged strongly, with a 15-minute K-line showing a return of +1.01%, price range from 2044.47 to 2081.89 USDT, with an amplitude of 1.82%. Trading volume increased simultaneously, market sentiment shifted from cautious to active, liquidity improved, attracting short-term traders to pay close attention.
The main driver of this anomaly is the continuous net inflow of institutional spot ETF funds. Recently, ETH spot ETF net inflow data hit new highs, continuing its strong performance in the first quarter of 2026, with mainstream financial institutions
GateNews26m ago
PEPE Slides Within Tight 24H Range — Will Momentum Hold as $0.053891 Caps Gains?
PEPE experienced a 10.6% decline in 24 hours, trading at $0.053477, close to support at $0.053468. Resistance at $0.053891 limited upward movement. Despite the drop, PEPE performed well against BTC and ETH, reflecting varied trends in the crypto market.
CryptoNewsLand38m ago
Solana Compresses Beneath $90 After Sharp Range Reclaim
SOL has recovered and retraced to the $8890 resistance band and is still under the $90.65 mark.
The token is trading around $85.13 which is slightly above the 24-hour support of $84.54.
The wider price
CryptoNewsLand42m ago
Here’s Where Hedera (HBAR) Price is Headed In March
Hedera’s story is starting to look different. Over the past few days, the conversation around Hedera (HBAR) has shifted from pure speculation to real-world infrastructure use cases. The network was highlighted among high-upside altcoins if broader market momentum returns.
However, a senior
CaptainAltcoin53m ago
Bob Loukas Calls Bitcoin 'Horrendous' on Weekly Chart, Sets $49,000 Target - U.Today
Bob Loukas, a seasoned trader, shares a bearish outlook on Bitcoin, predicting a drop to $49,000. He dismisses the business cycle and halving effects on prices, identifying ongoing market conditions as a bear cycle. Despite this, Loukas maintains long positions in stocks.
UToday1h ago
