Pi may be ready for a breakthrough...
Summary (TL;DR):
PI currency has stabilized at its lowest level ($0.32) since August 1, but technical indicators show a decline in selling pressure and the beginning of upward momentum — as the MACD approaches a positive crossover, and BBTrend readings show a decrease in the volume of red bars. If demand continues, the price may break the resistance at $0.37 and could reach $0.44. However, if demand weakens, it may revert to sideways behavior or drop below $0.34.
Key Points:
Current Status: Stabilized at $0.32 since August 1.
MACD is approaching a bullish crossover → A signal for increased buying momentum.
BBTrend: Decrease in the volume of red bars → Easing of selling pressure.
Bullish Scenario: Breaking $0.37 → Potential target $0.44.
Bearish/Sideways Scenario: Weak demand → Continued fluctuations or drop below $0.34.
Technical data derived from TradingView charts referenced in the article.
Important Note: This is a news/technical analysis for informational purposes only — not investment advice. Make your trading decisions based on your own research, analysis, and risk management.
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