๐–๐ก๐š๐ฅ๐ž๐ฌ ๐๐ฎ๐ฒ ๐ญ๐ก๐ž ๐ƒ๐ข๐ฉ โ€” ๐๐ฎ๐ญ ๐‚๐€๐ ๐๐ข ๐๐ž๐ญ๐ฐ๐จ๐ซ๐ค ๐‡๐จ๐ฅ๐ $๐ŸŽ.๐Ÿ’๐Ÿ“ ๐‹๐จ๐ง๐  ๐„๐ง๐จ๐ฎ๐ ๐ก ๐ญ๐จ ๐๐จ๐ฎ๐ง๐œ๐ž?

๐Ÿ”น Price slips again to $0.45

๐Ÿ”น 2M+ PI tokens bought by whales in 24h

๐Ÿ”น RSI near oversold, but momentum still weak

๐Ÿ”น All eyes on the $0.40 support

๐Ÿ‹ Big Whales Are Accumulating But Why Now?

Onchain tracker PiScan shows:

โœ… CEX balances jumped to 373.6M PI, up 2.41M in 24h

โœ… Two whale wallets withdrew 2.06M PI from OKX

โœ… Wallet โ€œGASWBDโ€ฆJ2AODMโ€ now holds 7.92M PI after 5 days of accumulation

โžก๏ธ Interpretation: Despite falling prices, top wallets are buying directly off exchanges, which usually signals long-term accumulation not panic.

๐Ÿ“‰ Price Action Weakens Next Stop $0.40?

Pi is down nearly 1% today, continuing last weekโ€™s 12% drop. The price is now approaching the $0.40 level a key psychological and technical support last seen on June 13.

Resistance: $0.50 (needs a daily close above for trend shift)

Upside potential: $0.54 (if bounce occurs)

Downside risk: $0.40 (likely retest zone)

๐Ÿ“Š Technical Indicators What Do They Say?

RSI: Currently near 33 close to oversold. If it dips below 30, selling pressure may increase.

MACD: Still bearish but showing fading red bars โ†’ early signal of a possible bullish crossover.

โณ Not a confirmed reversal yet, but itโ€™s worth watching.

โœ… What Traders Should Watch Now

๐Ÿ”ธ If PI holds $0.40 and RSI reverses upward, it could attract buyers for a rebound to $0.50

๐Ÿ”ธ A daily close above $0.50 may spark a short-term trend reversal to $0.54

๐Ÿ”ธ If price breaks below $0.40, expect further selling toward lower untested support zones

๐Ÿง  Final Thoughts

Whales buying during a downtrend often signal confidence and positioning โ€” not fear. But without a strong bounce from $0.40โ€“$0.45, the short-term remains fragile.

#pi #PiCoreTeam #BinanceTurns8