PIPPIN retraces after false breakout: Should traders buy or sell?

ambcryptoPubblicato 2026-02-28Pubblicato ultima volta 2026-02-28

Introduzione

PIPPIN, an AI memecoin, experienced a sharp retracement after a suspected false breakout above $0.755, dropping to $0.533. This decline was deeper than expected and occurred alongside Bitcoin's 6.9% drop to $63.7k, resulting in $2.64 million in long liquidations for PIPPIN. Despite the sell-off, the long-term outlook remains bullish as long as the price stays above $0.435. The $0.50-$0.55 zone is seen as a buying opportunity, with a key price target at $1.15. Short-term, buyers are advised to wait until March 2nd to see if the price tests the $0.466 liquidation zone. A bullish reaction there, combined with Bitcoin holding above $63k, could present a favorable entry, but a drop below $0.435 would invalidate this bullish scenario.

Pippin [PIPPIN] faced a steep retracement in the past 36 hours of trading. An AMBCrypto report noted that the AI memecoin had outpaced Bitcoin [BTC] by 22% in 24 hours earlier this week.

A breakout past the short-term range highs at $0.755 was anticipated, but the report warned that this breakout might be false. A retracement back within the range was expected. This dip has arrived, but it extended to $0.533, deeper than anticipated.

Bitcoin has been under severe selling pressure recently. In the past 48 hours, the leading crypto has plummeted by 6.9%, from $68.4k to $63.7k. During the intense sell-off of the past two days, PIPPIN bulls have faced $2.64 million worth of long liquidations.

Why long-term PIPPIN outlook remains bullish

The $0.5 demand zone had been highlighted earlier, and it has been retested by the 1-day session’s lower candlewick on Friday, the 27th of February. At the time of writing, PIPPIN retained the bullish daily structure as well.

A daily session close below $0.435 is necessary to flip swing traders’ biases bearishly. Until then, an approach of the $0.50-$0.55 would represent a buying opportunity.

Between the 14th and the 24th of February, the AI memecoin witnessed a bearish divergence between the price and the RSI. Combined with the Bitcoin sell-off, another visit to this demand zone appeared likely for Pippin.

To the north, the $1.15 Fibonacci extension level remained a valid price target.

Short-term buying opportunity for PIPPIN bulls

The short-term Bitcoin weakness was no secret, but it was impressive that PIPPIN retained its bullish 1-day timeframe structure. Zooming in on the 1-hour chart, we can see that the $0.50 demand zone has already yielded a strong bullish reaction.

However, over the weekend, more volatility is likely, especially late on Sunday. The $0.466 area had a cluster of long liquidations that could attract the price lower, according to the CoinGlass liquidation heatmap.

Based on the evidence at hand, PIPPIN bulls can wait till the 2nd of March to see if $0.466 is tested. A bullish reaction here, combined with BTC holding its ground above $63k, could present a buying opportunity.

On the other hand, a drop below the short-term range lows at $0.435 would invalidate this bullish idea.

Final Summary

The PIPPIN price action retained a bullish bias despite the swift crypto market selloff in the past 48 hours.
Buyers can wait till Monday to assess market sentiment before looking to buy PIPPIN around the $0.45-$0.50 demand zone.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

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Domande pertinenti

QWhat was the main reason for PIPPIN's recent retracement according to the article?

AThe retracement was primarily driven by severe selling pressure on Bitcoin, which plummeted 6.9% in 48 hours, causing a broader crypto market sell-off and leading to significant long liquidations for PIPPIN.

QWhat key price level must PIPPIN close below on the daily chart to turn the swing traders' bias bearish?

AA daily session close below $0.435 is necessary to flip swing traders' biases bearish.

QWhich demand zone is highlighted as a potential buying opportunity for PIPPIN bulls?

AThe $0.50-$0.55 demand zone is highlighted as a potential buying opportunity, with a more specific focus on the $0.45-$0.50 area for buyers waiting until Monday.

QWhat long-term price target does the article mention for PIPPIN?

AThe article mentions the $1.15 Fibonacci extension level as a valid long-term price target for PIPPIN.

QWhat event on the 1-hour chart suggests a potential short-term buying opportunity despite the retracement?

AOn the 1-hour chart, the $0.50 demand zone has already yielded a strong bullish reaction, suggesting a potential short-term buying opportunity, especially if there's a bullish reaction around the $0.466 liquidation cluster combined with Bitcoin holding above $63k.

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Come comprare PIPPIN

Benvenuto in HTX.com! Abbiamo reso l'acquisto di pippin (PIPPIN) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente pippinPIPPIN.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva pippin (PIPPIN)Dopo aver acquistato pippin (PIPPIN), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia pippin (PIPPIN)Scambia facilmente pippin (PIPPIN) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

448 Totale visualizzazioniPubblicato il 2025.01.11Aggiornato il 2026.06.02

Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di PIPPIN PIPPIN sono presentate come di seguito.