interesting analysis by CHAT-GPT About Pi Coin/ Pi Network (On OKX exchange);
1-Hour Chart Analysis:
Current Price: 1.5547 (+3.03%)
Bollinger Bands:
Upper Band (UB): 1.6019 (Potential resistance)
Lower Band (LB): 1.5241 (Potential support)
The price is near the middle, meaning consolidation is happening.
Moving Averages (MA & EMA):
MA5 (1.5599) and MA10 (1.5583) are close, showing indecision.
EMA5 (1.5581) and EMA10 (1.5590) suggest a sideways trend.
MA20 (1.5630) acts as minor resistance.
SAR (Stop and Reverse):
The SAR dot is above the price (1.5788), indicating a downtrend pressure.
MACD Indicator:
MACD (-0.0082) is below the signal line (DEA: 0.0106), showing weak bearish momentum.
KDJ Indicator:
K (65.06) and J (65.91) are still in a neutral zone, suggesting a potential movement either way.
Conclusion & Strategy:
Key Resistance: 1.6019 – 1.63
Key Support: 1.5240 – 1.47
Neutral/Bearish Bias:
Price is struggling to break above 1.56–1.58.
If it fails to break above 1.56, expect a retest of 1.52.
Breaking 1.60 would shift the trend bullish again.
Trading Strategy:
✅ If price breaks above 1.58: Buy for 1.60–1.63 targets.
❌ If price rejects at 1.56–1.58: Consider selling and rebuying near 1.52.
Would you like a 4-hour analysis for a broader trend confirmation?