PIPPIN surges 345% from weekly low — Short retrace to $0.10 seen as buy opportunity
PIPPIN, the autonomous LLM AI token, rallied roughly 345% from its weekly low after heightened social media attention since Nov 24. The token’s market cap reached about $117 million at the time of writing, with a 24‑hour gain of 58.6% while daily volume fell ~11.4% from a weekend spike. Technicals on the daily chart show a bullish structure: moving averages are supportive, on‑balance volume indicates recent buying, and the $0.09–$0.10 zone has flipped to support. A loss of $0.04 would be required to shift the daily structure bearish. Shorter-term (1‑hour) indicators show overbought RSI but no bearish divergence; immediate supports are the 1‑hour moving averages at $0.1066 and $0.086 and the $0.09–$0.10 zone. Fibonacci extension points to a near-term upside target of $0.159 (≈25% above current levels) if buying pressure continues. Analysts suggest a brief retracement toward $0.10 could present a buying opportunity, while sustained demand could push PIPPIN higher. Disclaimer: this is analysis, not financial advice.
Bullish
The article highlights strong short‑term bullish signals: a 345% rebound from the weekly low, supportive moving averages, rising on‑balance volume, and a flipped $0.09–$0.10 support zone. Short‑term indicators are overbought but lack bearish divergence, suggesting momentum may continue after a shallow retracement. The 1‑day structure remains intact unless $0.04 is lost, which is a distant downside threshold. Historically, small‑cap altcoin rallies driven by social-media attention can produce rapid continuation followed by volatile pullbacks; the lowered trading volume after a weekend spike raises the risk of short squeezes or sharp corrections. For traders: expect elevated volatility, use tight risk management, consider entering on retracement toward $0.10 with position sizing appropriate for high‑risk small‑cap assets, and watch volume and RSI for signs of failing momentum. If buying pressure persists and volume sustains, the token could reach the $0.159 Fibonacci target; if volume dries up and price breaks key supports, downside risk increases sharply.