#watchlist NPC - Processing Centre

We're back with breakfast!! Some Pi anyone? 😋🙃😄

🔺🔺🥧Pi Digest🥧🔺🔺

Pi Network (PI) has exhibited significant volatility in the past 24 hours, with prices ranging from a low of $0.9263 to a high of $1.57, and currently trading at approximately $1.11. This movement is accompanied by a substantial trading volume of $1.53 billion, indicating heightened market activity.

Key Support Levels:🥧

.$1.00: A psychological and technical support level, recently tested and held.

.$0.8759: Identified as a support level based on pivot point analysis.

.$0.61: A historical support level that has withstood multiple tests.

Key Resistance Levels:🥧

.$1.5716: A resistance level identified through pivot point analysis.

.$1.70: A recent high that may act as resistance if the price approaches this level again.

.$2.00: A psychological resistance level and a target for bullish momentum.

Technical Indicators:🥧

.Relative Strength Index (RSI): Currently at 88.89, indicating overbought conditions.

.Chaikin Money Flow (CMF): Positive, suggesting strong buying pressure.

Trading Strategy:🥧

Given the overbought RSI, traders should exercise caution. If the price breaks above the $1.70 resistance with strong volume, it may target the $2.00 level. Conversely, failure to maintain above $1.00 could see a retracement to the $0.8759 or $0.61 support levels.

Upcoming Catalyst:🥧

The anticipated announcement on May 14 could significantly impact PI's price. Traders should monitor the news closely, as it may either reinforce the bullish trend or trigger a correction. Eat Your fill Noobies!!!🍴😋😋😋🍴