- PIPPIN moved above the $0.74–$0.76 resistance zone and now tests it as potential support.
- Price trades between $0.6715 support and $0.8472 resistance within the 24-hour range.
- Strong 12H candles drove the rally, although a 2.7% daily pullback shows short-term consolidation.
Pippin (PIPPIN) traded at $0.7793 after pulling back 2.7% over the past 24 hours. Notably, the token recently pushed above the $0.74–$0.76 resistance zone on the 12-hour chart. Price has now tried to stabilize above that previous ceiling and volatility has increased.
In the meantime, the two have a range of 24 hours between the support of $0.6715 and the resistance of $0.8472. PIPPIN is trading against Bitcoin at 0.00001191 BTC, which has increased by 1.3 per cent on a day-to-day basis. This is a low position that leaves the asset close to the first six months of its short term range.
Breakout Structure and 12H Momentum
The 12-hour chart indicates a definite recovery of the $0.45 support base. Buyers intervened emphatically following a series of squeezed candles around that demand area. Thereafter, price proceeded in excellent bullish candles into the area of $0.75. But previous efforts in this region were rebuffed earlier to the recent breakout.
This time round, price had closed above the band at $0.74-$0.76 and changed the market structure. Consequently, traders are now recovering whether that zone turns into short-term assistance. The breakout leg increased momentum due to the bigger bodies of candles and a higher high. However, the present drawback of the pullback is consolidation, not continuity.
Key Levels Within the 24H Range
Immediate resistance stands at $0.8472, marking the recent intraday ceiling. Notably, price wicked near that level before retreating toward $0.78. On the downside, $0.6715 defines the lower boundary of the 24-hour range. That level also aligns beneath the prior breakout zone, increasing its technical importance. Therefore, price action between $0.74 and $0.8472 remains critical today. Volume activity on the chart shows expansion during upward impulses. However, shorter candles near resistance suggest temporary hesitation.
Intraday Scenarios and Price Outlook
In case buyers successfully defend against $0.74, price can revisit $0.8472 today. Any aggressive action beyond that line might provide a way through to the psychological $1.00 level. On the other hand, failure to maintain at $0.74 can revert to concentration at $0.6715. A break below that floor would place the asset near the lower 24-hour range. For now, price discovery attempts continue above the former resistance band.
