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
Gold Plunges Below 4500! Stocks, Bonds, and Gold All Selling Off—Is Cash Really the Safe Haven King?
Gold has declined to $4,500 since late February 2026 due to geopolitical conflicts, with global capital markets in turmoil, the S&P 500 down 5%. U.S. Treasury yields are rising, safe-haven assets are underperforming, and capital flows into money market funds have reached historic highs, indicating a market preference for "cash is king." Bitcoin is experiencing volatility and has not yet established itself as a safe-haven asset.
ChainNewsAbmedia49m ago
Today the cryptocurrency fear and greed index rose to 12, with the market in a state of extreme panic.
Gate News Update: On March 21st, according to Alternative.me data, the Cryptocurrency Fear and Greed Index rose to 12 today (the index was 11 yesterday), with the market in an "extreme panic state."
GateNews51m ago
Canton (CC) Price in a Downtrend – Analyst Says the Drop Isn’t Over
Sometimes the market tells you exactly what it’s going to do. You just have to be paying attention. For Canton, the story has been pretty clear for a while now. Down, and then more down.
Sjuul from AltCryptoGems caught this one early. He spotted that bearish rejection just in time, and since t
CaptainAltcoin2h ago
BTC rises 0.52% in 15 minutes: Major capital net inflows to exchanges and multiple market resonance driving the move
2026-03-20 21:15 to 21:30 (UTC), BTC recorded +0.52% return in 15 minutes, with a price range of 70124.0 to 70586.6 USDT, and amplitude of 0.66%. This round of volatility occurred against a backdrop of increased market attention and heightened fluctuations, with both on-chain and market participants showing highly active behavior.
The main driver of this volatility was whale funds (entities holding >=1,000 BTC) making a net inflow of 4,091.39 BTC to exchanges within 24 hours, data significantly exceeding the average for the same period. Concentrated net inflows
GateNews3h ago
Bitcoin Has Stabilized, But Investors Are Paying Up for Downside Protection: VanEck
Bitcoin's volatility has decreased to around $70,000, but traders are still heavily investing in downside protection. Although premiums for puts have dropped, they remain high historically, suggesting caution among investors. This defensiveness may signal an impending price bottom, as similar market conditions in the past have led to recoveries.
Decrypt4h ago
