Today's potential cryptocurrency recommendation strategy reference: PIPPIN - Trend chasing
Current price $0.345, FDV $345M (fully diluted), 24-hour counter trend increase of 5%, 7-day cumulative increase of 67%, AI Agent concept Meme coin. Technical indicators show 4-hour RSI at 70.2 and daily RSI at 79.5, indicating overbought conditions, but the MACD daily histogram at +0.0186 maintains strength, with the price staying above all moving averages, and whale holdings increased by 18.2% over 7 days (approximately 350M coins). Although the holdings have decreased by 11.6% to $212M, the funding rate on Binance at +0.017% indicates a willingness to go long.
Entry price $0.340 (1-hour moving average support), stop loss at $0.331 (key support level), target $0.370 (upward extension), leverage 5-7 times, risk-reward ratio 3.33. Logic: The narrative heat of AI Agent continues, PIPPIN has broken through the trend channel and whales are continuously accumulating; after interest rate cuts, risk appetite increases, benefiting speculative Meme coins. Risk: The overbought condition may correct at any time, waiting for confirmation of support at $0.340, if it drops below $0.331, stop loss immediately. $pippin
