Brothers, I am your old friend, Xin Ying. Today we won't talk nonsense, let's get straight to the point — the hottest meme coin on the SOL chain recently, PIPPIN. Have you hopped on?
From a market cap of $200 million on December 6th, it surged to $450 million yesterday (December 16th), more than doubling in just 10 days! This trend is simply a 'fighter jet among meme coins'; many have already made profits, but some are left regretting.
So the question is: can we still chase now? Will it directly surge to $0.5? Or will it first drop to induce more buyers and wash out the weak hands?
News: The hype is explosive, but don't let FOMO cloud your judgment.
On December 16, PIPPIN's market value exceeded $450 million, setting a historical high, with the current price around $0.44.
In just 10 days, from 200 million to 450 million, the influx of funds is obvious, especially on the SOL chain where trading volume is at the top, with ample liquidity.
But Xinying reminds: Meme coins have no actual value support, relying entirely on emotions and capital; once the heat fades, the drop will be ruthless.
Technical perspective: The 4-hour chart has already sent out these signals!
From the auxiliary chart, the current market is in a fluctuating upward channel, but there are several key signals:
Resistance level: 0.50132, which is a key resistance near the previous high; breaking through it means a new round of space.
Support level: 0.30137; if it doesn't break on a pullback, the trend remains.
Volume strengthens and then shrinks, indicating that chasing high funds are temporarily weak, and a fluctuation washout is needed.
RSI has entered the overbought zone, and there is a short-term need for correction, but that does not mean the trend is over.
MACD golden cross turns to dead cross and then back to golden cross, indicating fierce competition between bulls and bears, but the trend is still biased towards bullish.
Xinying's view: Hitting $0.5 is just a matter of time, but it won't happen all at once.
I think PIPPIN's wave is not over yet, but it won't go "rocket to the sky" directly.
Most likely scenario: first pull back to wash out positions, then break higher.
Reason:
RSI is overbought and needs to be repaired;
Volume is shrinking, and power needs to be accumulated;
The news heat is still there, and the funds have not fully withdrawn.
Key positions to watch closely:
Stabilize at 0.43, continue to be bullish;
Breaking below 0.40, beware of a correction to the 0.35–0.38 area;
Breaking through 0.50 opens up upward space, with the next target looking towards 0.6–0.65.
What should players do? Xinying gives you three strategies:
For those already holding positions: at around 0.45, partial profit-taking can be done, leaving a core position to strive for a breakthrough.
For those wanting to get in: don't chase high! Wait for a correction to the 0.38–0.40 range to build positions in batches.
For those who are watching: set alerts, chase the trend if it breaks through 0.50, or wait for a deeper correction below 0.38.
Lastly, I want to share a saying with you:
"Market trends always end in madness and rise in hesitation."
PIPPIN is hot, but don't be greedy; good risk control is essential for longevity.
If you want to get more accurate entry and exit points, real-time trend judgments, and the next wave of hidden coins, remember to follow Xinying; I will send out signals in the town at the first time!#ETH走势分析
If you don't know the specific entry and exit points, and fans holding positions can follow the Xinying homepage, Tieying will announce the daily coins, entry points, and exit times in Xinying Town 24 hours a day!!!
