{"id":21907,"date":"2026-02-12T09:41:29","date_gmt":"2026-02-12T09:41:29","guid":{"rendered":"https:\/\/bitunikey.com\/news\/will-pippin-price-crash-after-rallying-200-this-week\/"},"modified":"2026-02-12T09:41:42","modified_gmt":"2026-02-12T09:41:42","slug":"will-pippin-price-crash-after-rallying-200-this-week","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/will-pippin-price-crash-after-rallying-200-this-week\/","title":{"rendered":"Will PIPPIN price crash after rallying 200% this week?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">PIPPIN price has shot up nearly 200% over the past week, driven by sharp demand from futures traders. Is the meme coin set to see more gains, or will it crash?<\/p>\n<div id=\"cn-block-summary-block_75880aa7eff4dc916ac146c5e923eb2a\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>PIPPIN price rallied 200% over the past week, primarily driven by a spike in speculative trading.<\/li>\n<li>The meme coin has confirmed a rounded bottom pattern on the daily chart.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, the Pippin (PIPPIN) price rallied over 200% in the past 7 days to a high of $0.52, which is roughly 7% short of breaking past its previous all-time high of $0.55 hit last month.<\/p>\n<p>The PIPPIN rally appears to be mostly fueled by increased speculative activity, as traders aggressively opened bullish positions in the derivatives market, a trend common among high-volatility meme coins where momentum is often driven by leverage rather than fundamental developments.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/PIPPIN\/futures\" target=\"_blank\" rel=\"nofollow\">Data<\/a> from CoinGlass shows that PIPPIN futures open interest has jumped to an all-time high of $217 million, nearly four times the amount recorded nearly a week ago. At the same time, the long\/short ratio stood above 1, suggesting more investors were betting on further price increases.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Open Interest reflects the total number of outstanding derivative contracts that have not been settled. When a surge in Open Interest comes along with the price rise of an asset, it indicates new money entering the market.<\/p>\n<p>Meanwhile, the aggregated funding rate was positive at press time at 0.0070%, which shows that long position holders were paying fees to short sellers, conditions that help support continued upward momentum.<\/p>\n<p>It should, however, be noted that PIPPIN\u2019s rally came without the backing of any major news or development from the project\u2019s team. Its official X account has not posted anything since August last year.\u00a0<\/p>\n<p>Despite this lack of official communication, the retail sentiment surrounding the token has remained bullish, as seen in CoinMarketCap.<\/p>\n<p>Another point of concern is the market-wide downturn fueled by Bitcoin\u2019s underperformance over the past trading sessions. Crypto investors are currently spooked by concerns over another U.S. government shutdown and uncertainty over Fed policy direction.<\/p>\n<h1 class=\"wp-block-heading\">PIPPIN price analysis<\/h1>\n<p>On the daily chart, PIPPIN price appears to be forming the cup of a multi-week cup and handle pattern, which has been developing since late January.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">PIPPIN price has confirmed a rounded bottom pattern on the daily chart \u2014 Feb. 12 | Source: crypto.news<\/figcaption><\/figure>\n<p>The cup and handle pattern is one of the most bullish continuation patterns that often signals an existing uptrend is likely to resume after a period of consolidation. The cup in itself is also formed of a rounded bottom pattern, which is yet another bullish indicator by itself.<\/p>\n<p>At press time, the PIPPIN price had already broken above the neckline of the rounded bottom formed.\u00a0<\/p>\n<p>Considering this, the Solana-based meme coin could likely continue to be in an uptrend, with the path of least resistance appearing to be a bullish move to new highs around $0.89, calculated by adding the height of the rounded bottom formed to the point at which the price crossed the neckline.<\/p>\n<p>Looking at technical indicators also gives us a grounded view of such a bullish forecast. Notably, the supertrend indicator has flashed green while the MACD lines have pointed upwards, both signs that bulls still have significant control over the market price action.<\/p>\n<p>Unless the current upward momentum is hampered by macroeconomic headwinds, PIPPIN\u2019s technical breakout is expected to serve as a bullish catalyst.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PIPPIN price has shot up nearly 200% over the past week, driven by sharp demand from futures traders. Is the meme coin set to see more gains, or will it&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21907"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21907\/revisions"}],"predecessor-version":[{"id":21908,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21907\/revisions\/21908"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4505"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}