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Pi Network's Trading Volume Exceeds 3 Billion USD Daily... "Concerns About Overbought Conditions"
As of 1:05 PM on the 27th, Pi Network is trading at 2.93 USD on OKX, up 76.53% from the previous day. With the price increase, the 24-hour trading volume of Pi Network has also skyrocketed to 3 billion USD.
The Directional Movement Index (DMI) of Pi Network indicates a strong bullish trend. The Average Directional Index (ADX) has risen from 12.3 the day before to 57.7. Overall, when this indicator exceeds 40, it can be interpreted as indicating a strong trend. Cryptocurrency media BeInCrypto explains, "From a technical perspective, if Pi Network can maintain these indicators, the price may increase further."
However, caution is advised as the Bollinger Bands indicate overbought conditions for Pi Network. The Bollinger Bands Trend of Pi Network (BBTrend) has sharply decreased to -11, signaling that Pi Network is in an overbought state.
As of 1:05 PM on the 27th, Pi Network is trading at 2.93 USD on OKX, up 76.53% from the previous day. With the price increase, the 24-hour trading volume of Pi Network has also skyrocketed to 3 billion USD.
The Directional Movement Index (DMI) of Pi Network indicates a strong bullish trend. The Average Directional Index (ADX) has risen from 12.3 the day before to 57.7. Overall, when this indicator exceeds 40, it can be interpreted as indicating a strong trend. Cryptocurrency media BeInCrypto explains, "From a technical perspective, if Pi Network can maintain these indicators, the price may increase further."
However, caution is advised as the Bollinger Bands indicate overbought conditions for Pi Network. The Bollinger Bands Trend of Pi Network (BBTrend) has sharply decreased to -11, signaling that Pi Network is in an overbought state.
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