This Analyst Predicted The PIPPIN Price Surge, Here’s The Rest Of The Prediction
Overview
In the midst of a bearish trend in the crypto market, the meme coin PIPPIN has emerged as a notable performer, experiencing significant gains over a short period. A crypto analyst had previously anticipated this surge, indicating that the rally may not yet be complete.
Recent Price Movements
Over the weekend, PIPPIN distinguished itself by rising more than 50%, effectively doubling its value within a few days. This surge followed a prolonged accumulation phase that lasted seven months, allowing the coin to establish a structural bottom conducive for expansion. The breakout that initiated this price movement allowed PIPPIN to overcome multiple resistance levels, marking what the analyst described as a significant bullish shift in the market.
Analyst Insights
Edoardo Telve, the analyst in question, highlighted the importance of certain price levels known as the 4EMA cluster, which ranges between $0.02, $0.03, and $0.05. The ability of PIPPIN to stay above these levels is seen as an indicator of sustained bullish momentum. Furthermore, the recent price action has shown signs of strong buying interest, characterized by rising volume and impulsive candles without sharp rejections, suggesting that the rally is not merely a liquidity grab.
Future Projections
As PIPPIN has expanded rapidly, it has reportedly risen over 400% in the last week, with a recent rally pushing the price above $0.19. The analyst believes that the price may continue to rise, with the potential target being within the range of $0.3-$0.32, which is historically recognized as a significant supply zone where sell-offs could occur.
Impact on the crypto market
- PIPPIN’s substantial gains contrast with the broader bearish trend in the crypto market.
- The ability to break through multiple resistance levels indicates strong market interest.
- Sustained trading above key support levels suggests bullish sentiment among investors.
- The analysis highlights the significance of trading volume and price patterns in determining future movements.
- The potential target area may influence trader behavior and market psychology regarding future sell-offs.
Updated: 12/1/2025, 7:26:28 AM
