"Discover the unexpected surge: Autonomous cryptocurrency Pippin, defying market trends on Solana, up 22% while Bitcoin dipped. Bullish momentum persists w
International News: Autonomous Cryptocurrency Pippin Demonstrates Robust Bullish Trend
Autonomous memecoin Pippin, operating on the Solana blockchain, has displayed significant bullish tendencies over the past few days. In the preceding 24 hours, it recorded a rally of approximately 22%, contrasting the 3.55% decline in Bitcoin (BTC). BTC experienced a dip to test $64,200 on February 21st, marking a decrease of 5% within two hours.
Amid these market conditions, Pippin's substantial gains have attracted the attention of traders, with its performance standing out as an anomaly amid Bitcoin's relatively stagnant price range between $65,000 and $70,000 in February, according to AMBCrypto's report.
On Friday, February 20th, Pippin dipped to retest $0.475, but the longer-term structure indicates that bullish sentiment remains dominant. Since reaching a low of $0.474 on February 21st, Pippin has surged by 50.4% to reach $0.713 as of press time.
The one-day chart reveals an ongoing uptrend, despite the initial drawdown in the first week of February. Pippin has breached the $0.5 supply zone and retested it as support. The Chaikin Money Flow (CMF) is at +0.21, indicating steady buying pressure, while the On-Balance Volume (OBV) is trending upward.
The Moving Average Convergence Divergence (MFI) is retreating from overbought territory, potentially forming a bearish divergence that could precede a minor price retracement. However, recent buyer strength keeps the overall Pippin price prediction firmly bullish.
Upcoming bullish price targets include Fibonacci extension levels at $0.918 and $1.15. On the shorter-term front, the one-hour chart shows bullish technical indicators, although there is a potential for a bearish divergence that could be a short-term concern for Pippin's AI-focused memecoin community.
The range-formation over the past ten days spans from $0.435 to $0.755. A dip to $0.6 could present an attractive buying opportunity targeting prices around $0.75-$0.8. The liquidation heatmap highlights a magnetic zone at $0.77-$0.80, suggesting a potential false breakout.
International Cryptocurrency Markets: Anticipated Retracement for PIPPIN After Bullish Surge
In a notable shift, digital asset PIPPIN has surpassed previous highs, exhibiting robust bullish strength in February. While many significant cryptocurrencies, including Bitcoin, have experienced substantial losses during this period, the concentrated liquidations around $0.80 for PIPPIN could potentially trigger a short squeeze before a potential retracement later this week.
It is essential to note that the information provided does not serve as financial, investment, trading, or other professional advice but represents the author's personal viewpoint only.
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