PIPPIN is trading at $0.01821, marking an 8.4% daily gain while holding above its $0.01645 support.
Resistance at $0.01866 remains the main barrier, with breakout targets identified near $0.05059 on the daily chart.
Increasing trading volume during upward moves suggests heightened market participation in recent sessions.
Pippin (PIPPIN) continues to trade within a defined buy zone as price momentum builds near key resistance. The token, ranked 1404 by market capitalization, is currently priced at $0.01821, reflecting an 8.4% increase over the last 24 hours. Against Bitcoin, PIPPIN has gained 8.2%, trading at 0.061525 BTC.
The latest chart data from Binance’s perpetual contract market shows the asset testing a consolidation breakout, with price activity contained between a $0.01645 support and a $0.01866 resistance. TradingView analysis indicates a developing upward structure that has persisted through the summer, positioning the market for potential volatility as August progresses.
Price Action and Support Levels
Over recent weeks, PIPPIN’s price has steadily trended upward from early August lows. Interestingly, price action has continued to put in higher lows, a sign of continued demand at support levels. The major support at $0.01645 has withstood multiple retests, holding in the market during brief sell-offs.
This stability is also reflected in the ascending trendline on the daily chart that has connected successive higher lows since April. Traders have continued to trade within this range, holding price movements tight and predictable. However, the proximity to the resistance at $0.01866 indicates potential for breakout conditions if the buying pressure is sustained.
Resistance Zone and Breakout Potential
The $0.01866 resistance remains the immediate barrier for PIPPIN’s short-term market structure. This level has previously capped price advances, creating multiple rejections during prior attempts. A breakout above this point would place price movement toward higher resistance levels identified in the TradingView chart, with a visible target zone near $0.05059.
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Current positioning shows the token’s price consolidating close to resistance while maintaining proximity to its ascending support. This chart setup, characterized by tightening price action, often precedes more decisive moves in either direction. The risk management parameters in the displayed analysis highlight a stop-loss region around $0.01287, underscoring the controlled approach to trade execution in this setup.
Rising Volume and Breakout Attempts Signal Stronger Market Momentum
Daily price candles in August have shown increasing volume on upward moves, indicating a more active market presence during rallies. Volume increases often coincide with tests of upper trend boundaries, as observed in recent trading sessions.
The chart also depicts an extended accumulation range from May through July, where price fluctuations remained contained before the current upward breakout attempt. While the asset’s recent 8.4% 24-hour rise reflects growing interest, resistance levels continue to define the short-term outlook. Observing whether price sustains above support during upcoming sessions will remain important for assessing continued momentum.
