PI in critical zone: Technical analysis points to possible trend reversal
#PiNetwork #TechnicalAnalysis #Crypto #PIUSDT
The $PI is currently trading at $0.6322, after a drop of approximately 36% in the last month. However, technical indicators suggest that the asset may be approaching a significant support zone, which could precede a trend reversal.
Technical indicators:
RSI (14) near the oversold zone, suggesting potential recovery.
MACD shows convergence, indicating possible momentum change.
Moving averages show short-term pressure, but with a possible positive crossover if the rise is confirmed.
Immediate support: $0.6210
Key resistance: $0.7250
A breakout above the resistance, with increasing volume, could signal reversal. Stay tuned to the technical signals.
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$PI
