PI/USDT Perpetual Contract Market Update: Price Fluctuation +5.91%, Volume Surge! But Technical Aspects Show Divergence?
🔥 PI/USDT Perpetual Contract Current Price: 0.53784 USDT*🔥
24-Hour Performance:
Strong Increase +5.91%!
Highest Reached 0.54229, Lowest Dropped to 0.49387.
Trading Volume Surged: 24-hour trading volume reached 76,182,700 PI, with a transaction amount of 39,010,500 USDT! High volume, very hot.
Current Contract Ranking: NO.6 (Data Source: Screenshot Annotation).
Key Data Points:
Average Cost Price (Reference): ~0.65050 USDT (Note: Current price 0.53784 is still significantly below this cost average).
Premium: -25.96% (0.8782 vs Current Price, showing that the perpetual contract price is significantly lower than the marked price, with a significant negative premium).
Technical Observation (Caution Required):
MACD (12,26,9): MACD value is -0.01916, DIF -0.22938, DEA -0.21021. Death cross status and below the zero line, indicating that short-term bearish momentum still prevails.
Price Position: Current price is far below short-term moving averages MA5 (0.58437) and MA10 (0.68121), with obvious pressure above.
Volume-Price Coordination: Although the increase is accompanied by volume, the current price is below key moving averages and MACD is bearish, the sustainability and strength of the increase need to be cautiously verified.
Summary:
The PI contract experienced a strong rebound of +5.91% during the day, accompanied by massive trading volume, attracting high market attention, ranking high. However, technical indicators show significant contradictions:
1. Positive Side: Price Increase + Massive Trading Volume = Bullish Active Participation.
2. Risk Side:
Price is still below key moving averages MA5/MA10, technical structure is weak.
MACD death cross and below zero, bearish trend signals have not reversed.
There is a significant negative premium of -25.96%.
Current price is far below the reference average cost price (0.6505), with significant selling pressure above.
The current situation can be described as “fire and ice”: both volume and price rising ignite enthusiasm, but technical indicators and cost structure indicate heavy pressure above, and the bearish trend remains unchanged.
Operational Advice: Short-term participants should closely monitor whether they can effectively break through MA5/MA10 resistance and whether MACD can strengthen. Medium to long-term investors should pay attention to negative premium risks and signals that the overall downtrend has not yet reversed. Be cautious and strictly control risks!
#June Market Prediction#