Pi Coin Price Declines 8% to $0.35 with Bullish Crossover Signal
Pi Network's native cryptocurrency, PI, has decreased by 8% in the past week, now priced at $0.35.
Current Technical Analysis
- Recent bullish crossover on the 1-hour chart with the 20-period EMA above the 50-period EMA.
- Price rose to $0.37, maintaining support recently.
- Previous similar crossovers led to short-lived rallies.
- Longer timeframe indicates a bullish divergence following a bearish trend.
- The 12-hour chart shows declining price peaks but higher highs in RSI, indicating buyer interest.
Key Levels and Market Dynamics
- To sustain bullish momentum, PI must exceed $0.37 and $0.38, gaining strength above $0.40.
- Recent launch of the PI/USDC pair on OKX has positively impacted market sentiment.
- Potential decline if price falls below $0.33, which may lead to new lows.