Pi Network eyes a leg higher in the falling channel pattern


Pi Network trades at $0.3578 at press time on Friday, having risen from an intraday low of $0.3521. The short-term rise increases the possibility of a bullish extension to the 5% rise from Thursday, which would mark an upcycle within the falling channel pattern on the daily chart.

A potential uptrend continuation in Pi coin could target the 50-day Exponential Moving Average (EMA) at $0.4096.

The momentum indicators on the daily chart suggest a steady rise in a bullish trend. The Relative Strength Index (RSI) reaches 44, indicating a slow rise from the oversold region, which suggests enduring growth in buying power.

Additionally, the Moving Average Convergence Divergence (MACD) diverges from its signal line to avoid a cross below. This indicates a revival in bullish momentum.

Looking down, if Pi slips under the $0.3442 level, marked by the August 5 close, it could test the all-time low of $0.3220 from August 1.
#PI#
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PI-9.6%
IN-3.08%
POWER1.15%
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Ryakpandavip
· 08-30 01:00
Steadfast HODL💎
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Cryptogethervip
· 08-29 22:30
Bull Run 🐂
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Sakura_3434vip
· 08-29 22:02
HODL Tight 💪
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Md_Khairul_islamvip
· 08-29 20:05
hello friend How Are you
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6AndAHalfYearsAndvip
· 08-29 20:01
Indeed, the early mining exceeded 100 billion, and the fourth one is dragging without bottom line.
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GateUser-eef8904avip
· 08-29 20:01
Hurry and enter a position! 🚗
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GateUser-eef8904avip
· 08-29 20:00
HODL💎
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GateUser-eef8904avip
· 08-29 20:00
Just go for it💪
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JOHAR09vip
· 08-29 19:30
Bull Run 🐂
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JOHAR09vip
· 08-29 19:30
1000x Vibes 🤑
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