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Pi Coin in Falling Channel Pattern Signals Potential Bullish Breakout
Pi Coin Analysis:
- The Money Flow Index (MFI) for Pi reads 56.67, suggesting moderate buying pressure.
- Investors have been accumulating since early October, but the Chaikin Money Flow (CMF) at -0.14 indicates some capital outflow.
- Pi is trading within a long-term falling channel pattern, typically a bullish reversal indicator.
- If Pi breaks above the upper boundary of this channel with volume support, resistance levels are at $0.35 and $0.65.
- A sustained breakout could potentially target $4, signaling a multi-month reversal.
- Immediate support is in the $0.17–$0.15 zone.
PEPENODE Overview:
- PEPENODE offers a virtual, gamified crypto mining experience without hardware.
- The project has raised $2 million in its presale phase.
- It includes a deflationary system, burning up to 70% of tokens spent on upgrades.
- Early buyers can earn up to 621% per annum in rewards.
