拉朱
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Pi Coin Rushes Towards $1!
Pi Coin has begun to show signs of recovery after the major decline it experienced. PI, which is trading at $0.81 levels, has gained about 9 percent in value in the last 24 hours, creating hope for a short-term rally, but it is still trading about 70 percent below the $2.99 peak it reached in February. For this reason, investors are looking at bullish signals on the one hand, and ongoing structural problems on the other.
Although technical indicators give mixed signals, the “buy” signals from the 20 and 30-day moving averages indicate that new buying interest has returned to the market. However, short-term indicators and 10-day averages still reveal that selling pressure continues. If PI Coin overcomes the $0.84 resistance, it may rise to $1, and if it cannot, there is a risk that the price will fall back to $0.70.
On the other hand, despite the main network being launched, many users are unable to access their tokens due to KYC issues, limited listings on exchanges, and lack of transparency continue to limit investor confidence. Despite all these uncertainties, Pi Network, which still has very limited real-world use, draws attention with its user base approaching 60 million.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.$PIXEL
Pi Coin has begun to show signs of recovery after the major decline it experienced. PI, which is trading at $0.81 levels, has gained about 9 percent in value in the last 24 hours, creating hope for a short-term rally, but it is still trading about 70 percent below the $2.99 peak it reached in February. For this reason, investors are looking at bullish signals on the one hand, and ongoing structural problems on the other.
Although technical indicators give mixed signals, the “buy” signals from the 20 and 30-day moving averages indicate that new buying interest has returned to the market. However, short-term indicators and 10-day averages still reveal that selling pressure continues. If PI Coin overcomes the $0.84 resistance, it may rise to $1, and if it cannot, there is a risk that the price will fall back to $0.70.
On the other hand, despite the main network being launched, many users are unable to access their tokens due to KYC issues, limited listings on exchanges, and lack of transparency continue to limit investor confidence. Despite all these uncertainties, Pi Network, which still has very limited real-world use, draws attention with its user base approaching 60 million.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.$PIXEL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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