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PIPPIN has been surging fiercely these days. Just a few days ago, it was hovering on the brink of life and death, dropping to $0.235, and then it turned around and pulled back to around $0.41, with a rebound of up to 66%. Its market cap also rebounded from a breakdown to re-establish a $400 million scale, and in 24 hours, it skyrocketed by 48%. This level of heat is indeed eye-catching.
But with such a rapid increase, we need to stay calm and think—what exactly is driving this market movement?
**Fundamental Analysis: Purely driven by emotions**
In simple terms, this is a typical Meme coin play. The short-term rebound is accompanied by a surge in community discussion and heat, with FOMO emotions spreading. As long as the specific logic isn’t clear, it’s easy to be blinded by popularity. Friends chasing the high should be especially cautious—such emotional-driven surges often reverse quickly.
**Technical Analysis: Highlights and Risks**
On the positive side, the price has already strongly broken through the previous resistance at 0.40265 with increased volume and has stabilized above the key support at 0.325. This is a good sign. But don’t forget, technical analysis can only tell you the possibilities, not guarantee certainty.
The key is to recognize your own risk tolerance. Before chasing the high, plan your stop-loss levels and don’t get blinded by superficial prosperity.