PIPPIN has become one of the strongest players in the AI Agent token market and has increased significantly in recent days.
The impressive rise has put the token in the spotlight, and investors are wondering if PIPPIN can continue this trend.
PIPPIN investors show skepticism
Chaikin Money Flow (CMF) shows that PIPPIN recently had strong inflows. This signaled increased confidence and capital coming into the market.
The planar dock indicator is out, pointing to declining inflows. A reduction in new capital may limit PIPPIN's ability to maintain the rise, making further upward movement more difficult.
This change suggests that investors are becoming more cautious. Without continuous inflow, PIPPIN may struggle to maintain its current strength.
The AI Agent token is heavily dependent on sentiment-driven rises, and the weaker CMF may prevent the token from rising further in the short term.
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The broader outlook is complicated by the funding rate, which shows a strongly bearish structure. A negative funding rate indicates that most traders are opening short positions and expect PIPPIN to fall. This widespread pessimistic stance reflects low confidence among derivatives traders.
Such sentiment can weigh on price development, as short sellers often increase downward pressure. If market conditions do not change, this negative stance could become a significant barrier for PIPPIN and halt any attempts at a sustained rise.
PIPPIN is trading at 0.263 USD and is just above 0.255 USD in support level. The AI Agent token has still increased by nearly 42% today and briefly noted an intra-day increase of 84%, indicating strong volatility. However, reaching higher requires strong conviction from investors.
Reaching 0.500 USD requires nearly a 90% increase from current levels. Given the declining inflows and negative funding rates, this target may be difficult. Instead, PIPPIN might remain closer to 0.193 USD in support, with a possible decline towards 0.136 USD if holders start securing profits.
However, if positive sentiment returns and new capital starts flowing into the market again, PIPPIN could break through the levels of 0.330 USD and 0.403 USD. Overcoming these hurdles would pave the way towards 0.500 USD and invalidate the pessimistic outlook.
