Pippin Price Rallies 56%, Aims At New All-Time High Again This Month

BE[IN]CRYPTO
23 Jan
  • PIPPIN's 56% surge pushes it to $0.190, with $0.136 as critical support; holding this level could fuel its rally toward a new ATH.
  • A bullish MACD crossover and rising CMF indicate growing market confidence, boosting PIPPIN's upward momentum
  • Breaching $0.255 resistance could lead to an ATH above $0.331; failure risks retracement to $0.080, challenging bullish sentiment.

PIPPIN has captured investor attention with a remarkable 56% price surge, recovering most of its recent losses. This AI-powered altcoin continues to attract market interest, fueled by its potential and strong investor support. 

As momentum builds, PIPPIN appears poised to reach new heights, supported by both technical and macro trends.

PIPPIN Investors Are Optimistic

The Moving Average Convergence Divergence (MACD) indicator suggests a potential shift in momentum for PIPPIN. Currently nearing a bullish crossover, this indicator points to the possible end of the recent bearish phase. If confirmed, this crossover would signal the continuation of PIPPIN’s uptrend and further boost investor confidence.

This shift in the MACD aligns with increasing optimism among market participants. A bullish crossover would indicate strengthening upward momentum, potentially attracting more buying activity. As a result, PIPPIN could sustain its current rally and maintain the positive sentiment driving its recovery.

PIPPIN MACD. Source: TradingView

The Chaikin Money Flow (CMF) indicator reflects growing investor interest in PIPPIN. An observed uptick in CMF signals an inflow of capital into the asset, highlighting strong market confidence. This increased liquidity could help PIPPIN navigate any short-term profit-taking pressures, ensuring its uptrend remains intact.

The rising CMF also highlights the broader bullish sentiment surrounding PIPPIN. With investor money flowing steadily into the asset, the altcoin has a solid foundation to counter potential drawdowns. This macro momentum could support PIPPIN’s efforts to secure critical price levels and achieve further gains.

PIPPIN CMF. Source: TradingView

PIPPIN Price Prediction: New High Likely

PIPPIN’s price surged by 56% in the past 24 hours, currently trading at $0.190. The AI Agent token must secure $0.136 as a support level to sustain this momentum. Successfully doing so would provide the stability needed for further price growth.

If PIPPIN holds above $0.136, it could gain the momentum required to breach the $0.255 resistance level. Breaking past this point could set the stage for a new all-time high (ATH) beyond $0.331, amplifying profits for investors and reinforcing its bullish trajectory.

PIPPIN Price Analysis. Source: TradingView

However, failure to breach $0.255 could result in PIPPIN consolidating above $0.136. If it loses this critical support, the altcoin may retrace to $0.080, invalidating its bullish outlook and highlighting the volatility inherent in emerging cryptocurrencies.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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