That meme coin PIPPI on the Solana chain has skyrocketed! Just now, market data shows it surged to $0.44, with a market cap reaching $450 million, setting a new historical high, skyrocketing 26% in 24 hours! This market trend is simply extraordinary!
News: Another 'myth' has exploded on the Solana chain
Today, while many coins are still stagnant, PIPPI has surged upward with a strong bullish trend, increasing its market cap from $440 million to $450 million. What does this indicate? It shows that hot money and attention in the market are gathering towards these topical meme coins. Although the news also reminds us that meme coins are highly volatile, driven by emotional speculation, and have no practical use, they carry high risks. When the overall market sentiment is bullish, such coins often act as the 'vanguard', most effectively stirring up market sentiment.
My personal opinion is that don't simply view it as a 'joke coin'; its strength actually signals an improvement in risk appetite in the current crypto market, and liquidity is looking for breakthroughs. If you don't know how to time your entry, you can follow Bai Yue, who will provide real-time analysis in the village and give the current best entry point.
This wave of Meme coin explosion, do you think it is the horn of a new round of market, or just a brief carnival? Next, continue to look at the technical side.
Technical side: The 1-hour chart is full of 'clear signals'.
Having news is not enough; let's see if the technicals are strong. Come, keep a close eye on this 1-hour K-line chart:
MACD Golden Cross Upwards: The yellow and white lines are above the zero axis, having just formed a golden cross. This is one of the classic signals for a bullish start, indicating strong upward momentum in the short term.
Volume breakthrough: The chart shows an increase in volume with the rise, indicating that real money is being used to buy up, not a 'false breakout', which is very healthy.
Key position: The chart clearly shows that the next 'high resistance level' is around $0.48, and 'rebound resistance' is at $0.455. The current price is hovering around $0.44, leaving room before the resistance level.
A reminder: The chart also shows that we are currently in an 'overbought' state. What does this mean? It means the short-term rise has been too rapid and aggressive, with some participants possibly looking to take profits, so there is a need for price to pull back and rest.
In my personal view, the bullish pattern on the technical side is very clear. The rise comes with volume and indicator support, showing strong momentum. But the 'overbought' warning should not be ignored; it means you shouldn't rush to chase highs at this moment, as there is a high probability of a pullback or sideways fluctuation in the short term, allowing indicators to cool down.
Operational advice for all retail investors, divided into two situations: (The operational advice is only half; if you want to know specific points, find me.)
If you already have a position: now you can consider reducing part of your position around $0.44 or near the rebound to $0.455 resistance level, locking in some profits.
If you are still on the sidelines: now is not the time to rush in at a high price! Be patient and wait for a pullback. The ideal short-term observation point can be around the key area of 0.432-0.425 to see if it can hold steady.
Bai Yue's perspective
The overall market outlook is bullish, but operations must prioritize 'stability'. Don't let emotions control you; using pullbacks to position is ten times safer than chasing highs. If you don't know how to time your entry, you can follow Bai Yue, who will provide real-time analysis in the village and give the current best entry point. This wave is the result of 'news-driven momentum + technical breakout', reflecting the market's bullish sentiment. But amid the frenzy, one must remain clear-headed. If you don't know how to time your entry, you can follow Bai Yue, who will provide real-time analysis in the village and give the current best entry point.
There are no gods in the crypto circle, only smart people who can read signals. Sister Xin's strength is not boastful or deceptive; she only teaches you practical survival skills. Follow Bai Yue, who lays out strategies in advance every day in the village! If you want to follow in real-time, find Bai Yue's village; we build positions together, and I will share my profits with you!
