Pippin Price Explodes 45% After Long Consolidation: Is a New Uptrend Starting?
The post Pippin Price Explodes 45% After Long Consolidation: Is a New Uptrend Starting? appeared first on Coinpedia Fintech News
After weeks of muted price action, Pippin price has come into focus. The token posted a sharp 46% rally, breaking free from a tight consolidation structure that had capped upside attempts for most of the recent period. The move stands out even as the broader crypto market shows signs of stabilization, hinting that Pippin’s rally is being driven by asset-specific momentum rather than a simple beta bounce. The key question now is whether this surge marks the start of a sustainable uptrend, or merely the first impulse in a volatile reset.
Pippin Price Recovery Ends the Consolidation Phase
Pippin had been trading inside a narrow horizontal range, repeatedly finding support near the same demand zone while failing to push meaningfully higher. This type of structure often precedes a directional move, as liquidity builds on both sides of the range. The latest surge occurred with clean follow-through, as price closed decisively above the consolidation ceiling rather than briefly spiking and fading.
On the daily chart, the Pippin token formed a bullish flag pattern, suggesting a positive outlook. The token is trying to flip the short-term EMA and looking to a structural shift. The bounce flipped former resistance into immediate support of $0.2600. The latest move resembles a classic base-and-break setup. As long as price holds above the former range high of $0.2600, the breakout remains valid, and the token is likely to explore resistance zones toward $0.3000, rather than immediately retrace . While, short-term pullbacks toward the breakout level would not damage the structure, provided buyers continue to defend that area. A failure below the $0.2300 mark could expose Pippen price to retest the support zone of $0.2000 ahead.
Derivatives Data Signals Fresh Positioning, Not Exhaustion
Derivative data adds an important layer to the story. Open interest expanded alongside the price surge, indicating that traders were opening new positions rather than simply closing shorts. The rise in open interest suggests that traders are actively positioning for continuation, not just reacting to volatility.
At the same time, the increase in open interest has not reached extreme levels, reducing the risk of immediate overcrowding. This leaves room for the trend to develop without becoming structurally unstable in the near term. For now, Pippin is no longer moving sideways, it is being repriced, and the next few sessions will determine whether this was the start of a broader trend or simply a rebound.
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