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Pippin Price Prediction – Why PIPPIN Could Rally to $1 Soon

Highlights:

  • Pippin is currently trading at the $0.516 resistance
  • Rallying through this resistance could send Pippin to $1 soon
  • Renewed excitement around meme coins could drive momentum 

Pippin (PIPPIN) is one of the top-performing cryptocurrencies in the day. At the time of going to press, PIPPIN was trading at $0.531, up by 73.07% in the day. Trading volumes have also shot up intraday. They are up by 251% in the day to stand at $112.4 million. Such a surge in trading volumes alongside the price means PIPPIN is attracting investors who expect the price to head higher. Multiple factors could see Pippin push higher in the short term. 

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Pippin Rallies as Excitement Around Meme Coins Returns

One of them is the fact that the excitement around meme coins is back. Recently, random meme coins have pumped in random intervals. This is mainly driven by the rising liquidity across the financial markets. Since the Federal Reserve ended Quantitative Tightening, it has injected billions of dollars into the US economy. This is likely to continue reflecting in risk-on assets going into the future.

Among the assets likely to keep attracting strong capital are meme coins, and that includes Pippin. Its ongoing price action is a reflection of the impact of rising liquidity on its price action.

Pippin Low Market Cap Drawing In New Investors

Pippin also stands to keep pushing higher for its low market cap compared to the more established meme coins. Compared to the likes of Shiba Inu, PEPE, and DOGE that have their market cap in the billions, Pippin only has a market capitalization of $517.83 and a fully diluted value of $517.84. This gives Pippin significant room for growth going into the future.

Even if it were to only hit the value of the more established meme coins, its value could rally by several hundred of percentages. As such, if FOMO around meme coins continues to strengthen, the odds are high that Pippin could be headed much higher. 

AI Theme Could Push Pippin Price Up to $1

Pippin also has the advantage of blending an AI theme with meme coin appeal. This is a big deal in terms of differentiating Pippin in a highly saturated meme coin market. The impact is that Pippin could continue to experience a strong flow of capital as meme coins regain traction in the market. With the kind of price action that Pippin is displaying at the moment, this differentiation could put it on course to hit the $1 mark, or more, in the foreseeable future.

Whale Activity On the Rise Around Pippin

Besides the push Pippin is getting from the broader market price action, whale activity is also pushing it higher. Data shows that large buyers are taking up Pippin in large numbers. That’s despite the strong price surge it has recorded in the past 24 hours.

Such movements usually happen before there is a parabolic price move. As such, even with the latest move that has seen Pippin surge by over 60%, the odds are high that it could be headed much higher than that in the short to medium term. The surge in whale activity could also drive retail FOMO, which could help push the price even higher in the foreseeable future.

Technical Analysis – Pippin Struggling At Critical Resistance

After the intraday pump, Pippin has hit strong resistance at $0.516 and is struggling to push through it. If bulls take control and push Pippin through the $0.516 resistance, a rally to $1 could follow in the short term. 

Pippin
Source: TradingView

On the other hand, if bulls fail at the $0.516 resistance, two scenarios could follow in the short term. The first is a consolidation around the $0.516 resistance in the short term. On the other hand, if bulls take control and push Pippin lower, a correction to the $0.279 support could follow.

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