🟢 PI Reverses Course – Bullish Recovery in Sight?
Pi Network's prognosis is gloomy as above selling pressure prevents reversals.
Thursday marks Pi Network's partnership with Onramp. money, Transfi, and Banxa.
Four of the five greatest 24-hour transactions were large-wallet investors buying PI tokens.
At press time on Thursday, Pi Network (PI) rose 1% as the decreasing trend looks to have found a floor over $0.3200.
The greatest transactions on the network over the previous 24 hours show that large-wallet investors are buying PI tokens from OKX after the core team announced its on-ramp services to let users directly acquire Pi coins.
These services satisfy the Pi2Day announcement's promise. No major price change occurs 10 hours after the announcement. After KYB authentication, Onramp. money, Transfi, and Banxa are official partners.
Heavy investors buy roughly 2 million PI tokens.
Four of the five biggest Pi Network transactions in the recent 24 hours happened on OKX, according to PiScan. Note that investors withdrew PI tokens from the exchange, indicating trust.
Pi Network rises over 1% today, continuing the sideways trend between the S1 and S2 pivot levels at $0.3642 and $0.3191. PI tokens' short-term least resistance is S1 pivot.
A closure above this level might prolong the reverse run to $0.4461, the pivot level.
As red histogram bars drop, the MACD line approaches its signal line. As negative momentum fades, a trend reversal may occur.
Extended negative corrections might hit $0.3191's S2 pivot level. In a decisive closing below this level, the PI token might reach $0.2372, the S3 pivot level.
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