The meme coin PIPPIN (PIPPIN) has demonstrated remarkable resilience, posting a 20% daily gain to trade around $0.71, defying a broader cryptocurrency market downturn triggered by tariff-related developments from US President Donald Trump. This surge briefly pushed the token above $0.72, with its market capitalization once again surpassing $700 million, securing its position as the 81st-largest cryptocurrency and the seventh-largest in the meme coin niche.
Technical analysis reveals a strong bullish structure. PIPPIN is holding firmly above the $0.64–$0.65 support band, which aligns with the 0.786 Fibonacci retracement level. The token extended its recovery from a macro base of $0.15 earlier in the cycle, surging toward the $0.77 Fibonacci ceiling before facing profit-taking. Buyers quickly regained control, pushing the price back toward the $0.66 region.
A key metric underpinning the bullish momentum is the rebuilding of open interest, which is nearing $244 million, reflecting renewed speculative conviction. Furthermore, cooling exchange outflows have reduced sell pressure during the current rebound phase, contributing to the positive price action.
Market observers are divided on the token's future trajectory. Some analysts, like Blockchainedbb, predict enhanced volatility in the coming weeks with a potential target as high as $1.20, describing the $0.50 zone as a "great" buying opportunity. Others, such as Satori, view PIPPIN as one of their "best plays lately," noting capital rotation from Bitcoin. Sjuul | AltCryptoGems expects a push back into the all-time high zone, citing the former $0.50 resistance now acting as support.
However, significant risks remain. Critics point out that the token's Relative Strength Index (RSI) is at an elevated level of around 85, indicating it may be overbought and due for a correction. Skeptics like Crypto GVR predict a potential crash below $0.10, while others warn that insiders control a large portion of the supply, allowing for potential price manipulation. The rally's sustainability is questioned, as meme coins are notoriously driven by hype and speculation rather than fundamentals.
