The current trading price of PI is around $0.75, close to the key resistance level. On the 4-hour price chart, the RSI is near 66, indicating bullish momentum, but approaching the overbought zone. If the RSI continues to rise, traders may see a short-term pullback.
At the same time, the Bollinger Bands are expanding, and the price is approaching the upper band. A breakout above $0.80 could lead to a rise to $1. However, if it fails to move upward, the middle line (20-day SMA) at $0.62 provides direct support. The MACD remains positive, and the bullish crossover is still intact, but the histogram is flattening. This suggests that there may be consolidation before the next wave of rise. On the other hand, if the bears take control, they may drag PI down to the support zone of $0.60–$0.62.
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The current trading price of PI is around $0.75, close to the key resistance level. On the 4-hour price chart, the RSI is near 66, indicating bullish momentum, but approaching the overbought zone. If the RSI continues to rise, traders may see a short-term pullback.
At the same time, the Bollinger Bands are expanding, and the price is approaching the upper band. A breakout above $0.80 could lead to a rise to $1. However, if it fails to move upward, the middle line (20-day SMA) at $0.62 provides direct support.
The MACD remains positive, and the bullish crossover is still intact, but the histogram is flattening. This suggests that there may be consolidation before the next wave of rise. On the other hand, if the bears take control, they may drag PI down to the support zone of $0.60–$0.62.