the price performance of Pi coin saw optimization
The daily chart highlights a pump-and-dump type of situation in the overall price action structure, with PI returning to lower price levels, indicating the quick consumption of earned profits. PI later established a support at $33.0 and after a long period of consolidation in the market, its price surged upwards.
In the past week, the price performance of Pi coin saw an optimization of 20.63% and an intraday gain of 4.83%, with a present price of $45.89.
Furthermore, the PI coin asset has been displaying bullish characteristics as it has been trading above the EMA bands of 20-day and 50-day dynamic resistances. The MACD exhibits a bullish cross below the zero line at -0.35, and the RSI is at 60.84, gradually rising with support from [plate number 1]. This indicates that the PI coin asset is gaining momentum and could achieve new heights in the coming sessions.
Therefore, if buying demand suddenly increases, the game could go one-sided in favor of the bulls. A sudden surge in demand could cause PI coin to continue rising from its current price level, potentially reaching targets of $51.0 and $61.0. Conversely, if demand for the PI coin asset declines, buyers will lose more ground and the price could return to the previous consolidation range or decline sharply.
In the past week, the price performance of Pi coin saw an optimization of 20.63% and an intraday gain of 4.83%, with a present price of $45.89.
Furthermore, the PI coin asset has been displaying bullish characteristics as it has been trading above the EMA bands of 20-day and 50-day dynamic resistances. The MACD exhibits a bullish cross below the zero line at -0.35, and the RSI is at 60.84, gradually rising with support from [plate number 1]. This indicates that the PI coin asset is gaining momentum and could achieve new heights in the coming sessions.
Therefore, if buying demand suddenly increases, the game could go one-sided in favor of the bulls. A sudden surge in demand could cause PI coin to continue rising from its current price level, potentially reaching targets of $51.0 and $61.0. Conversely, if demand for the PI coin asset declines, buyers will lose more ground and the price could return to the previous consolidation range or decline sharply.
כתב ויתור
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