Pi Network: Bullish Reversal on the Horizon?
Is Pi Network ($ETH - although likely referring to the Pi coin, ticker might not be standard) finally seeing a change in fortune? Despite earlier selling pressure, $PI has found a floor around $0.3200 and is up 1% today!
Key Developments & Bullish Signals:
Strategic Partnerships: Pi Network has officially partnered with Onramp.money, Transfi, and Banxa, fulfilling their Pi2Day promise and enabling direct Pi coin purchases!
Whale Activity: Notably, FOUR of the top FIVE largest transactions in the last 24 hours involved significant withdrawals of $PI from OKX by large-wallet investors – a strong sign of confidence!
Holding Support: $PI is currently trading sideways between the S1 ($0.3642) and S2 ($0.3191) pivot levels.
Fading Bearish Momentum: The MACD histogram is showing decreasing red bars, with the MACD line nearing the signal line, suggesting a potential trend reversal.
What's Next?
A sustained close above the S1 pivot ($0.3642) could fuel a recovery towards the pivot level at $0.4461.
Watch out for potential drops to the S2 pivot ($0.3191) and further down to S3 ($0.2372) if bearish pressure returns.
Is this the start of a bullish recovery for Pi Network? Keep an eye on these key levels and developments!
#pi #PiCoreTeam #PiNetwork
