Pippin (PIPPIN) surged 69% in 24 hours on January 28th, accompanied by a more than 600% increase in volume and a sharp rise in Open Interest, indicating a sudden surge in speculative demand.
The upward momentum has pushed this memecoin into a "decisive" zone, where trend-following buying pressure remains dominant, but the risk of profit-taking and liquidation could increase rapidly as the price approaches key resistance levels.
- PIPPIN surged strongly thanks to speculative capital inflows, as evidenced by the dramatic increase in volume and Open Interest.
- The two liquidation clusters at $0.55 and $0.47 could trigger a squeeze or a chain liquidation depending on the direction of the price movement.
- Strong net buying by "smart money" during the day could support prices, but it also increases the risk of volatility and manipulation.
The pip price surged due to short-term speculative demand.
The 69% surge, coupled with a more than 600% increase in volume and a sharp rise in Open Interest, suggests that PIPPIN was driven primarily by speculative trading, not a long-term accumulation trend.
When volume increases faster than price, the market often enters a "hot" state, where even a slight reversal in sentiment during the day can create significant volatility. An increase in open interest simultaneously indicates the opening of many new Derivative positions, making prices more sensitive to mandatory liquidations.
With most memecoins weakening, PIPPIN's surge is more likely to trigger FOMO (fear of missing out). However, FOMO often comes with the risk of massive profit-taking at technical levels, especially when liquidation is concentrated at a few clear price points.
The two liquidation clusters of $0.55 and $0.47 will determine the direction.
Liquidation map data shows that the $0.55 and $0.47 levels are major " liquidation clusters"; holding above $0.55 could trigger a Short squeeze, while a drop to $0.47 could easily lead to the liquidation of Longing positions.
The $0.47 level is described as a point where a price drop could trigger a chain reaction of long position liquidations, leading to a rapid increase in selling pressure through a forced mechanism. Conversely, if the price holds firm and moves above $0.55, short positions could be liquidated, contributing to a squeeze-like price increase.
The key point is that price reactions can change rapidly according to intraday sentiment. When the market is tense, even a single liquidation sweep can create a new short-term trend, requiring traders to closely monitor these levels to assess whether the trend will continue or break.
Smart money flows in strongly, but it can come and go quickly.
PIPPIN was recorded as the most purchased Token by "smart money" on January 28th, with a value of $120,889.40, indicating both high interest and increased risk of volatility.
The above data reflects a concentrated buying spree during the day, typically intended to support market sentiment and provide upward momentum for prices. However, the characteristic of this Capital group is fast trading, with potential profit-taking upon reaching short-term targets, making the price structure susceptible to reversal if buying pressure suddenly withdraws.
Large capital flows can also turn a memecoin into a target for short-term price corrections, especially when liquidation is insufficient. Therefore, while the involvement of "smart money" can be a catalyst for breakouts, it also increases uncertainty as the market approaches the aforementioned liquidation and resistance levels.
The pippin needs to break through the resistance range of $0.55–$0.56 to head towards $0.90.
To extend the uptrend, PIPPIN needs a clear breakout above the $0.55–$0.56 range; the next technical target, based on Fibonacci levels, would then be around $0.90.
At the time mentioned in the original text, PIPPIN was trading above the 50% Fibonacci retracement level and hovering near its all-time high of $0.71. A clean breakout above the $0.55–$0.56 range could accelerate the upward momentum due to trend-following buying and the risk of a Short squeeze.
Conversely, a loss of the $0.55 mark could bring back liquidation pressure. A correction to $0.47 is XEM as a potential weakening or invalidation of the bullish setup, as this is a zone that could trigger liquidation of Longing positions and create a wave of selling.
Conclusion: The trend depends on the $0.47 mark and the possibility of re-conquering the $0.71 peak.
PIPPIN is in a sensitive state: the speculative upward momentum is very strong, but the liquidation structure and "smart money" positions increase the risk of a sharp decline if the $0.47 support level is breached.
The next development depends on whether the price holds key support levels and breaks through resistance to reaffirm the trend. A convincing recapture of the $0.71 peak would strengthen the bullish narrative, while a weak reaction at the $0.55 and $0.47 levels could signal a sharp correction due to chain liquidation.
Frequently Asked Questions
Why did PIPPIN increase by 69% in 24 hours?
Due to a surge in speculative demand, evidenced by a more than 600% increase in volume and a sharp rise in Open Interest, many new positions were opened and short-term funds flowed in.
What do the two liquidation clusters of $0.55 and $0.47 mean?
These are areas with a high risk of triggering liquidations. Staying above $0.55 could force a Short squeeze, while a drop to $0.47 could trigger a Longing squeeze and rapidly increase selling pressure.
What does the influx of "smart money" buying $120,889.40 tell us?
It shows a high level of interest during the day and could support the upward momentum, but it also increases the risk of volatility because "smart money" often flows in and out quickly, facilitating sharp increases followed by rapid Dump .
What is the key milestone for PIPPIN to reach $0.90?
PIPPIN needs to clearly break through the resistance zone of $0.55–$0.56 and maintain above it. If it fails and loses $0.55, the risk of a correction increases, with a possible retreat to $0.47.
