Pin (PIN) Up 20% Daily: What’s Next?

Want to advance to $1.20 or crash to $0.10: what are the next targets for PIPPIN?

The latest developments regarding the tax instigated by US President Donald Trump appear to have a negative impact on the broader cryptocurrency market, with Bitcoin (BTC), Ethereum (ETH), and many other popular digital assets charting losses for the day.

However, meme coin pippin (PIPPIN) defied the recent carnage by posting a double-digit increase in that timeframe.

Top Singer And

The meme coin was the talk of the town at the beginning of the month, peaking at $0.76 on February 15. It then experienced a sharp correction, but the past 24 hours have brought another notable rise.

PIPPIN surged 20%, briefly passing $0.72 before settling around $0.71 (via CoinGecko data). Its market capitalization also surpassed $700 million, returning the asset to the top 100 cryptocurrencies. As of press time, PIPPIN is the 81st largest in the entire market and ranks seventh in the meme coin niche.

Some market observers believe that the price may consolidate further in the short term. X user Blockchainedbb recently predicted that the asset may experience improved volatility in the coming weeks but eventually rise to $1.20. They also described the area around $0.50 as a “good” buying opportunity.

X user Satori chimed in as well, saying that PIPPIN has been “one of their best games lately.” According to the analyst, while the maxis remain committed to BTC and wait for the next cycle to appear, the capital has shifted elsewhere.

On his own, Sjuul | AltCryptoGems argued that the previous resistance at $0.50 has turned into support, and expects the price to return to its ATH area again.

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Of course, there are plenty of pessimists and cynics who continue to voice their concerns. Crypto GVR, for example, has predicted that PIPPIN may fall below $0.10 soon. Before that, X users va00sa and Shual warned that insiders control a large part of the meme coin, allowing them to easily control the price.

Is The Rally On?

Traders hoping to make a fortune overnight and considering whether to deal with PIPPIN should remember that meme coins are notorious for their extreme volatility. Tokens in this category are often driven by pure speculation rather than solid fundamentals or real use cases, which means they can witness strong price declines in a very short period of time.

PIPPIN’s Relative Strength Index (RSI) also indicates that it may be time to pull back. A technical analysis tool is often used by traders to identify potential trend reversals. It ranges from 0 to 100, and a reading above 70 suggests that the price has risen significantly in a short period of time and may be due for a correction. On the other hand, values ​​below 30 are considered bullish. As of this writing, the RSI stands at around 85.