$PIPPIN is exhibiting a strong short-term bullish structure but faces immediate overhead resistance, creating a high-probability breakout setup against a backdrop of conflicting momentum signals.
Executive Summary:
PIPPIN has completed a V-shaped recovery from $0.15, gaining over 40% this week and leading the crypto market as a top gainer on February 11, 2026 . The technical structure confirms a bullish trend reversal, though the coin is now at a critical inflexion point between a continuation toward $0.50+ and a consolidation/short-term pullback.
1. Price Action & Market Structure (BULLISH)
· Pattern: PIPPIN executed a textbook U-shaped (V-shaped) reversal from the 200-day EMA ($0.1833) . It is printing higher highs and higher lows, confirming an uptrend .
· Current Status: Trading between $0.38–$0.40, digesting gains near the psychological $0.40 handle .
· Ichimoku: The daily chart shows price entering the Ichimoku Cloud, officially transitioning from bearish to consolidation/bullish phase .
2. Key Levels (Immediate)
· Resistance (Immediate/Critical): $0.40–$0.42. This aligns with the December 18 high and the psychological round number .
· Breakout Confirmation: A decisive daily close above $0.4558** would likely trigger a move toward **$0.5630 (December 25 high) .
· Bullish Extension: $0.50–$0.54. The next major target zone is momentum sustains .
· Support (Immediate): $0.35. The post-breakout consolidation floor .
· Major Support: $0.2953–$0.30 (50-day EMA) .
3. Momentum & Volume (CONFLICTING – Bullish Structure, Slowing Momentum)
· RSI: Ranging from 61 to 70+ . This confirms strong buying pressure but places the asset in overbought territory, increasing the risk of consolidation or a shallow pullback .
· MACD: Bullish crossover confirmed on Sunday; histogram is above the zero line, supporting the uptrend .
· Volume: The rally was supported by genuine volume expansion (peaking at ~$791M during the initial leg) . However, volume is currently flattening/declining near resistance, signalling hesitation .
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