Amid the broader upward trend of artificial intelligence-themed tokens such as VIRTUAL, RENDER, and TAO, PIPPIN surged over 25% in 24 hours, ranking second among cryptocurrencies in the top 100 by market capitalization. Technical indicators show bullish control, with a balanced trading volume of $42 billion and still rising, and an RSI of 72, although this suggests the possibility of a pullback. The memecoin follows an upward trendline since the end of November; if support holds, 61% of the movement could retest the December peak of $0.7592. However, the rally faces threats from increased leverage trading, with a long-short ratio of 0.81, indicating greater selling pressure. Despite the price increase, holders have decreased by over 200 in the past week.