🔥 PI/USDT Short-term Volatility | Intensifying Long and Short Battle!

📊 Real-time Data

- Current Price: 0.56586 USDT (24h +2.2%)

- Fluctuation Range: 0.54204 ~ 0.59916

- 24h Trading Volume: 67.3 million PI (approximately 37.9 million USDT)

- Weekly Plunge: -25.96% (Perpetual Contract Data)

📉 Technical Signals

1. MACD Death Cross Continues:

- MACD: -0.01737 | DIF: -0.22714 | DEA: -0.20976

→ Bearish momentum still dominates

2. Key Moving Average Resistance:

- MA5: 0.58998| MA10: 0.68401

→ Current price is under pressure below short-term moving averages

⚠️ Risk Warning

- Inverted Position Cost: Average cost price (0.65050) is higher than the current price, most holders are at a loss

- Leverage Contract Funding Rate: -0.04900 (Bearish Dominance)

- Unrealized Loss: -22.3135 million (Network-wide Contract Statistics)

💡 Operation Suggestions

> Short-term support to watch at 0.542, if it breaks down with volume, it may accelerate the decline; rebound needs to stabilize above 0.590 to relieve selling pressure. Leveraged traders should be cautious of liquidation risk (current strong liquidation prices are concentrated in the 0.55-0.58 range)!

Data Source: Gate.io + On-chain Contract Monitoring (Timestamp 09:05 UTC+8)

Trading Reminder

👉 Reminder: This article does not constitute investment advice, DYOR! Key Logic Extraction

1. Contradictory Signals: Intraday Rebound (+2.2%) VS Weekly Deep Drop (-25.96%) → Corrective Rebound or Continuation of Downtrend?

2. Long and Short Focus:

- Bears: MACD Death Cross + Moving Average Resistance + High Position Cost Selling Pressure

- Bulls: Mild Increase in Intraday Volume + Not Breaking Previous Low (0.542)

3. Key Indicator: 0.542 support level becomes a short-term dividing line for long and short positions, breaking it may trigger programmed selling.

#June Market Prediction#