At the time of writing, Pi Coin is priced at $0.353, trading just below the critical resistance of $0.360. Flipping this level into a support floor would open the door for a rally toward $0.381, marking the first step in reversing its downtrend.
If achieved, this breakout would effectively end the ongoing decline. Considering both the RSI divergence and the MACD’s sustained bullish outlook. This scenario appears increasingly likely, provided broader market conditions remain neutral to positive.
However, risks remain. Should bullish momentum weaken, Pi Coin could slip through $0.351 and drop to $0.340. Falling below this would bring the threat of testing its all-time low, invalidating the bullish outlook and causing further concern for investors.
If achieved, this breakout would effectively end the ongoing decline. Considering both the RSI divergence and the MACD’s sustained bullish outlook. This scenario appears increasingly likely, provided broader market conditions remain neutral to positive.
However, risks remain. Should bullish momentum weaken, Pi Coin could slip through $0.351 and drop to $0.340. Falling below this would bring the threat of testing its all-time low, invalidating the bullish outlook and causing further concern for investors.
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Truly Unbiased Cryptocurrency News beincrypto.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.