Short squeezes around $0.80 have set a clear near-term target for traders as Solana memecoin Pippin — an autonomous-agent-themed token — ran hot this week.
Quick snapshot
- PIPPIN jumped 22% in the past 24 hours while Bitcoin slid 3.55%.
- BTC experienced a sharper sell-off on Sunday, Feb. 22, dropping about 5% in two hours to test $64.2k.
- AMBCrypto flagged PIPPIN as an outlier in February’s otherwise muted market, where BTC has largely traded in a $65k–$70k range or declined on most days.
Price action and recent moves
Pippin cooled to retest $0.475 on Feb. 20, then registered a low of $0.474 on Feb. 21. From that low it surged roughly 50.4% to reach $0.713, making it one of the more eye-catching alt moves in a choppy market (source: PIPPIN/USDT on TradingView).
Technical read — daily chart
- Structure: The longer-term technical structure favors bulls. PIPPIN has cleared the $0.50 supply zone and successfully retested it as support.
- Volume & flows: On-chain/market indicators support buying pressure — Chaikin Money Flow (CMF) sits at +0.21 and On-Balance Volume (OBV) is trending higher.
- Overbought warning: The Money Flow Index (MFI) is pulling back from overbought levels and could form a bearish divergence, which may presage a minor retracement.
- Targets: On the upside, Fibonacci extension levels point to $0.918 and $1.15 as next bullish objectives.
Shorter-term view — 1-hour chart
- Momentum remains bullish on intraday charts, but the MFI is flirting with a bearish divergence — a short-term red flag for momentum traders.
- A ten-day range has formed between roughly $0.435 and $0.755. A dip toward ~$0.60 could present a buying opportunity, with near-term upside objectives in the $0.75–$0.80 zone.
Liquidations and risk
Liquidation heatmaps show a concentration of short positions clustered around $0.77–$0.80, creating a “magnetic” price zone. That setup raises the risk of a false breakout above the recent highs followed by a retracement back into the range — a scenario traders should be prepared for (source: CoinGlass).
Bottom line
Recent indicators favor Pippin bulls, supported by a decisive break above the $0.50 supply zone and rising buying pressure. However, overbought signals on shorter timeframes and a clustered liquidation zone near $0.77–$0.80 mean short-term corrections remain possible. Key levels to watch: support near $0.50 and $0.60 (buy zone), resistance and liquidation magnet $0.77–$0.80, and Fibonacci targets at $0.918 and $1.15.
Disclaimer: The information presented is the author’s opinion and does not constitute financial, investment, trading, or other advice. AMBCrypto content is informational only — trading cryptocurrencies carries high risk. Do your own research before making any investment decisions. © 2026 AMBCrypto.
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