Pi Network (PI) increases 7%
The price of Pi Network (PI) has increased by 7% in the last seven days, indicating a modest bullish momentum. It is currently trading at $0.65.
A key indicator supporting this outlook is the Relative Strength Index (RSI), which has remained mostly flat despite the price increase.
This indicates a balance between buying and selling pressure of PI, rather than an increase in bullish sentiment that typically accompanies sustainable rallies.
The RSI indicator measures the overbought and oversold conditions of an asset in the market. It ranges from 0 to 100. Values above 70 suggest that the asset is overbought and could experience a price drop, while values below 30 indicate that the asset is oversold and could experience a rebound.