PIPPIN, a memecoin on Solana linked to an AI agent, is maintaining a bullish structure on the weekly chart and has just surged strongly, with on-chain data (Glassnode) continuing to support the upward trend.
While many altcoins are weakening in line with Bitcoin's fluctuations, PIPPIN continues to show relative strength and attract trading capital. However, signs of profit-taking from large investors could create a short-term correction, making the support zone important.
- PIPPIN surged, demonstrating relative strength compared to Bitcoin and many large - cap altcoins.
- on-chain data (Glassnode) shows sustained growth in new addresses, implying that user demand remains present.
- The support levels of $0.133 and $0.107 need to hold; the $0.32 and $0.48 areas could signal overheating if breached sharply.
PIPPIN maintains a long-term bullish structure on the weekly chart.
PIPPIN is one of the few altcoins that has maintained an upward trend on the weekly chart, while also showing relative strength compared to Bitcoin during periods of market volatility.
In November and December, PIPPIN recorded significant gains even as Bitcoin briefly fell below $100,000 and bottomed Dip at around $80,600. Maintaining an upward trend during a weakening market typically reflects platform buying and investor interest in high-risk assets like memecoin.
On February 8th, PIPPIN surged 50.40% with high volume . The rally was triggered from the support zone at $0.157 in early December, indicating that this area played a crucial "launching pad" Vai in the short-to-medium-term price structure.
However, a recent report indicates that "smart money" has been distributing pips. When an asset surges while the rest of the market is under pressure, large holders tend to realize profits, creating a correction. The positive aspect is that this decline is described as a correction within an uptrend, not a clear sign of a reversal.
on-chain data (Glassnode) reinforces the bullish scenario for PIPPIN.
on-chain indicators from Glassnode show that network activity remains expanding, particularly with the growth of new addresses, supporting the argument that demand has not disappeared after the correction.
According to Glassnode data, new address growth has been strong since November and continues to maintain this momentum even as prices have just undergone a correction. The continuous increase in new addresses is generally XEM as a signal of new user inflows and stable on-chain participation, thereby supporting trend expectations.
The Coin Days Destroyed indicator, used to track whether long-term investors' dormant Token are starting to move, has generally been quite quiet since December. Only minor increases appeared in the latter half of January, implying profit-taking but not a large enough distribution wave to signal a trend reversal.
The MVRV price bands suggest that this memecoin entered an "overheated" zone at the end of 2025, then corrected to bring the price back closer to its realized price. Currently, this data is interpreted as indicating that there is still "room" for further upward movement before falling back into a similar overheated state.
Key price levels to watch: support at $0.133–$0.107 and overheated zone at $0.32–$0.48
The support zones of $0.133 and $0.107 are crucial for maintaining the uptrend structure; while a strong breakout above $0.32 and $0.48 could signal overheated market conditions.
Regarding downside risk, $0.133 and $0.107 are described as strong support levels. If either of these levels is clearly breached, the probability of a deeper correction increases, especially given that large investors tend to take profits during market volatility.
Regarding the bullish scenario, a move above the upper bands at $0.32 and $0.48 could signal that PIPPIN is entering an "overheated" state. In reality, this doesn't necessarily mean an immediate price reversal, but it typically increases the risk of sharp volatility and fluctuations as short-term money flows dominate.
Short-term outlook: The recovery momentum may extend, but caution is needed regarding profit-taking.
PIPPIN may continue its recovery, but profit-taking pressure from large holder and signs of overheating are two factors that could trigger a rapid correction.
Key takeaways: (1) PIPPIN has shown relative strength against Bitcoin and the broader market in the long term, (2) the previous overheated phase has been “cooled down” by a relatively healthy correction, and (3) the current short-term rally is assessed to have the potential to push the price closer to the $0.48–$0.50 range if momentum is maintained.
Frequently Asked Questions
Why is PIPPIN XEM much stronger than many other altcoins?
Because on the weekly chart, PIPPIN still maintains an upward structure and even rose significantly during periods of Bitcoin weakness, indicating relative strength and demand compared to the overall market.
What on-chain data is supporting the upward trend of PIPPIN?
Glassnode data shows strong new address growth since November and continues even as prices adjust, implying that network activity and user demand have not significantly declined.
What does Coin Days Destroyed say about the behavior of long-term investors?
This indicator has been relatively quiet since December, with only a few slight increases in the latter half of January, suggesting profit-taking but not yet a strong wave of selling by long-term holder .
What are the most noteworthy price points for PIPPIN?
Key support levels are at $0.133 and $0.107; a break below these could lead to a sharp correction. On the upside, a strong breakout above $0.32 and $0.48 could signal an overheated market.
