PIPPIN Surges 50% — Could $0.32 Be the Next Target?

• PIPPIN surges 50%, fueled by high volume and strong early December support.

• On-chain metrics show steady new address growth and limited long-term holder profit-taking.

• $0.32 emerges as the next key target, with $0.133 and $0.107 as support.

Pippin — PIPPIN, caught traders’ attention with a stunning 50% surge on February 8. The memecoin’s strong rally stood out as most altcoins struggled. Volume spiked, showing intense buying activity. Early December support near $0.157 became the springboard for the move. Even with some profit-taking along the way, PIPPIN maintained a bullish structure. Traders are now eyeing $0.32 as a possible next milestone, questioning if momentum can continue in a challenging market.

$PIPPIN / $USDT

The coin held the support level and now has good chances to take the upper liquidity pic.twitter.com/FDlY17jlfG

— Krasnov (@krasnovcrypto) February 9, 2026

Bullish Momentum Amid Profit-Taking

PIPPIN has shown resilience against Bitcoin and larger altcoins. When BTC fell below $100k and later hit $80.6k, PIPPIN gained steadily. Smart money began offloading some holdings, taking advantage of strong gains. That selling caused a minor correction but did not break the overall bullish trend. Weekly charts show the memecoin keeping its upward trajectory. Traders who held positions through late 2025 likely experienced significant gains, fueling confidence in further upside.

On-chain metrics reinforce a bullish outlook. Glassnode data highlighted strong new address growth since November. Even during recent pullbacks, new users continued entering the market. This steady influx reflects growing demand and increasing network activity. Coin Days Destroyed, which tracks dormant long-term tokens, showed only small spikes in late January. That indicated modest profit-taking, not large-scale exits. The trend suggests holders remain confident in PIPPIN’s longer-term potential.

Support levels play a key role in price stability. The $0.133 and $0.107 levels provide strong safety nets. Breaching these points could trigger a deeper correction. Meanwhile, the MVRV bands show upper targets at $0.32 and $0.48. These levels mark potential overheating in PIPPIN, but the memecoin still has room to climb. Traders are watching carefully for signs of momentum slowing near these zones.

Looking Ahead: Is $0.32 Within Reach?

Current conditions favor bulls, but cautious optimism is wise. The recent 50% rally proved PIPPIN can react quickly to demand. High volume confirmed strong interest in buying at early support levels. On-chain activity and new user growth signal ongoing engagement from the community. Investors can expect heightened volatility as PIPPIN approaches $0.32.

Large holders may continue taking profits along the way, creating pullbacks and short-term corrections. Yet the overall structure supports a continued upward path. If PIPPIN surpasses $0.32 convincingly, the next target at $0.48 may come into play. Traders should monitor liquidity and order books closely, as sudden spikes or dips can amplify movements.

Despite a mixed market environment, PIPPIN shows resilience and momentum. Consistent on-chain activity, steady new user adoption, and manageable profit-taking contribute to a favorable setup. Traders who watch key support levels and monitor profit-taking patterns may identify optimal entry points. For now, $0.32 remains a realistic near-term goal, with further upside possible if buying pressure persists.