📊 Daily Technical Indicators
• Current Price: PI is currently trading at around $0.6326, with a daily fluctuation between $0.5785 and $0.6477.
• Relative Strength Index (RSI): The RSI shows a reading of 38, indicating that the currency is in oversold territory, and a potential rebound may occur.
• MACD Indicator: Shows a negative crossover, indicating ongoing bearish momentum.
• Moving Averages: The current price is below the 20 and 50-day moving averages, indicating a short-term downtrend.
🔍 Support and Resistance Levels
• Major Support: Ranges between $0.5192 and $0.40. Breaking this level may lead to further declines.
• Major Resistance: Located around $0.70. Breaking this level may signal the beginning of an upward trend.
📈 Future Predictions
• In the short term: If the price remains above $0.60 and strong buy signals appear, the price may rise towards $0.70.
• In the medium term: As the Consensus Conference approaches in mid-May 2025, the price may rise towards $1.70, especially if the coin's listing on major exchanges is confirmed.
✅ Recommendation$
Currently, the technical indicators show strong sell signals, indicating a continuation of the downtrend. However, positive news, such as listings on exchanges or reducing supply through token burns, may provide opportunities for a rebound. Investors are advised to monitor key technical levels and news developments before making investment decisions.
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