Pi Network Is Back 🚀 — Bulls Drive a Strong Comeback The 5
koinmilyoner
Updated at: 3 hours ago
{"content":"Pi Network Is Back 🚀 — Bulls Drive a Strong Comeback
The 50-day Exponential Moving Average (EMA) is located at $0.2627, and Pi Network is trading much higher than $0.2500 at the time of this publication on Monday. In addition to the 7% gains that were seen on Sunday, the PI token has seen a 13% increase so far today.
The level of $0.3220, which had previously served as a significant support level in late September, might be the objective for PI if it is able to overcome this dynamic resistance threshold.
Following the crossing that occurred on October 18, the MACD and signal line have been moving in an upward direction, which indicates that there is an increase in the amount of purchasing pressure. In addition, the relative strength index (RSI) is now around 60, which indicates that there is opportunity for more increase before hitting the overbought zone.
In a downward direction, the most important support for PI is still around $0.1919, which is the low point from October 11.
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