Pi/USDT Analysis (Based on Latest Chart)

Key Observations:

Price Action:

Current price: 1.6014 USDT

24h Low: 1.5140 USDT

24h High: 1.8272 USDT

Price is declining, testing lower Bollinger Band (LB: 1.6023 USDT)

Bollinger Bands (BOLL):

Middle Band: 1.7380 USDT

Upper Band (UB): 1.8737 USDT

Lower Band (LB): 1.6023 USDT

Interpretation: The price is at the lower Bollinger Band, indicating an oversold condition or potential bounce if buyers step in.

RSI (Relative Strength Index):

RSI(6): 17.88 (Oversold)

RSI(12): 23.14 (Oversold)

RSI(24): 30.24 (Near oversold)

Interpretation: The asset is heavily oversold, meaning a possible short-term rebound.

Volume & Moving Averages (MA):

MA(5): 2.98M

MA(10): 3.88M

Volume is increasing, indicating strong selling pressure.

Trade Setup Suggestions:

Short-Term Trade (Bounce Play)

Entry (Buy): If price holds above 1.6000-1.5900 USDT, it could bounce.

Target: 1.6400 - 1.6700 USDT

Stop Loss: Below 1.5900 USDT

Long-Term Position (Swing Trade)

Accumulation Zone: 1.5000 - 1.5800 USDT

Target: 1.7500 - 1.8500 USDT

Stop Loss: 1.4900 USDT

Conclusion:

Pi/USDT is at a key support level. If bulls defend 1.6000, we may see a bounce. If it breaks lower, expect a drop towards 1.5500-1.5000 for a better long-term buy. Monitor volume and RSI for confirmation.