PIPPIN stays bullish after November’s massive run | Credit: Hameem Sarwar
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Key Takeaways
PIPPIN soared 256%, entering December with strong momentum.
Indicators show heavy buying and sustained bullish pressure.
A break above $0.16 could see PIPPIN retest recent highs soon.
After delivering a staggering 256% surge in November, PIPPIN enters December with rising bullish momentum.
The memecoin has firmly positioned itself among the month’s standout performers.
Hence, technical indicators across multiple timeframes show that buyers continue to drive the market.
As PIPPIN pushes toward a new resistance zone, can the token trade higher?
PIPPIN Skyrockets
PIPPIN’s Money Flow Index (MFI) on the 4-hour chart reinforces a bullish outlook.
The MFI, which measures buying and selling pressure using price and volume, indicates that PIPPIN’s price is experiencing intense buyer activity following its 256% rally in November.
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The indicator currently sits deep in the overbought region at 86.50, reflecting strong capital inflows and rising market interest as bulls take control of short-term price action.
The Relative Strength Index (RSI) supports this shift in momentum. Typically, the RSI measures momentum using the speed and volume of price changes.
As of this writing, the indicator printed a reading of 61.65, hovering just below the overbought threshold.
This reading signals that bullish momentum remains in place, and buyers are pushing the asset toward fresh higher highs as December begins.
If PIPPIN’s price holds its current support and maintains elevated volume levels, the memecoin could extend its uptrend into the coming weeks.
PIPPIN Price Analysis: Further Highs Ahead
On the daily chart, PIPPIN’s price remains locked in a steady upward climb.
The Moving Average Convergence Divergence (MACD) confirms this momentum, maintaining a strong bullish posture with widening green histogram bars.
The 12-day EMA has crossed above the 26-day EMA, signaling that buyers continue to lead the market.
The Chaikin Money Flow (CMF), also in positive territory, reinforces the bullish setup by showing consistent capital inflows. The indicator currently sits at 0.02 and is positioned upward.
Sustained readings above the zero line show that buyers remain active and firmly support the trend.
A closer look at the Fibonacci retracement levels shows PIPPIN’s price trending toward the 0.786 Fib level at $0.16.
The structure remains bullish, with price action forming higher lows and maintaining strong momentum as it approaches this zone.
Furthermore, a move above the 0.786 level would position PIPPIN to revisit its recent high, supported by strengthening indicators and firm buyer control.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
