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# #TopContentChallenge#
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Ryakpanda
· 08-30 01:00
Steadfast HODL💎
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Cryptogether
· 08-29 22:30
Bull Run 🐂
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Sakura_3434
· 08-29 22:02
HODL Tight 💪
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Md_Khairul_islam
· 08-29 20:05
hello friend How Are you
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6AndAHalfYearsAnd
· 08-29 20:01
Indeed, the early mining exceeded 100 billion, and the fourth one is dragging without bottom line.
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#
#TopContentChallenge#