PI spot chart 2 $ targetPrice has been consolidating last 2 days testing the trendline multiple times, We can expect price to break the trendline and push upto 2$ level soon and above.
PIUSDT trade ideas
PIUSDT / PINETWORK / PICOIN: BIGGER PICTURE ANALYSIS 20-FEB-2025PIUSDT / PINETWORK / PICOIN: Bigger Picture Analysis 20-FEB-2025
As you all know, Pi Coin is listed in the market and fall below 3$ after listing.
CMP: 1.83
Resistances: 16.96/200/500
Immediate resistance 17. Pi need a break of this for move to the next level of 31.
Upside targets level by level:
Level 1: 31, 119, 233, 314, 440
Strong Resistance 500. Break of 500 next we can see 610, 721.
Further, 810-883-1001, 1164, 1314-1377-1498.
Ultimate Target Zones: 440-610, 810-1001, 1314-1498, 1805-1887-2119, 3050.
This is my analysis for long term.
the price performance of Pi coin saw optimizationThe daily chart highlights a pump-and-dump type of situation in the overall price action structure, with PI returning to lower price levels, indicating the quick consumption of earned profits. PI later established a support at $33.0 and after a long period of consolidation in the market, its price surged upwards.
In the past week, the price performance of Pi coin saw an optimization of 20.63% and an intraday gain of 4.83%, with a present price of $45.89.
Furthermore, the PI coin asset has been displaying bullish characteristics as it has been trading above the EMA bands of 20-day and 50-day dynamic resistances. The MACD exhibits a bullish cross below the zero line at -0.35, and the RSI is at 60.84, gradually rising with support from . This indicates that the PI coin asset is gaining momentum and could achieve new heights in the coming sessions.
Therefore, if buying demand suddenly increases, the game could go one-sided in favor of the bulls. A sudden surge in demand could cause PI coin to continue rising from its current price level, potentially reaching targets of $51.0 and $61.0. Conversely, if demand for the PI coin asset declines, buyers will lose more ground and the price could return to the previous consolidation range or decline sharply.
The Pi coin price-performanceThe Pi coin price structure displays that the crypto had been in a consolidation phase earlier for a long time on the daily chart.
However, the price action highlighted a massive incline on the chart, by breaking the $40 resistance level, it reached the top of $135 and destroyed other hurdles, which included $50.70, $60.93, $73.39, $86.71, and $104.02.
The overall price action structure highlights a pump-and-dump kind of situation on the daily chart, with PI coming back to the lower price levels, this shows the consumption of entire earned profits quickly.
The Pi coin price-performance exhibits that, in the last week price plunged -15.07 % and an intraday loss is -3.44% with a current price at $38.48.
Moreover, the PI coin asset is exhibiting bearish characteristics as it has been trading beneath EMA bands of 20-day and 50-day dynamic resistances, MACD shows a bearish cross below the zero line at -1.51, and the RSI is at 45.28 which is falling smoothly by taking rejection from 14-SMA, thus implying that the PI coin asset is losing momentum and it can achieve new depths, in the coming sessions.
Therefore, if the demand for the PI coin asset declines then buyers will lose more ground and the price could end up back in the previous consolidation range or deteriorate solidly.
On the flip side, the game can reverse entirely and different possibilities could occur if buying demand increases abruptly. A sudden surge in demand could make PI coin turn around from the present level and could give targets like $50.70 and $60.90 easily.
The Pi coin price structure shows that the crypto had been in a The Pi coin price structure shows that the crypto had been in a consolidation phase for a long time on the daily chart and was bound in a range.
However, the price action showed a spike as big as a skyscraper on the chart, and the price breached the resistance level of $42 reached the top of $135, and broke in between hurdles like $50, $60, $73, $86, and $104 in the hurdle.
The overall price indicates a pump-and-dump kind of situation, as its surged gains have plummeted on the chart and are back to the support at $42, which was an earlier resistance.
The price-performance exhibits that, in the last week price plunged -55.94% and an intraday loss is -0.45% with a current price at $42.22.
Moreover, the PI coin asset is displaying bearish characteristics as it has been trading below EMA bands, MACD shows a bullish cross with histogram increasing downwards, and the RSI is falling smoothly by taking rejection from 14-SMA, implying that the asset is losing momentum and can achieve new depths.
Therefore, if the demand for the asset declines then buyers will lose more traction and could slip the holding of the $42 support level and after destroying this level of support, the price could end up back in the previous consolidation range.
On the flip side, the game can change entirely and different possibilities can occur, only if demand increases abruptly this could make the PI coin bounce back from the level and could give targets like $50.0 and $60.0 easily.
