🔥 PI/USDT is experiencing a big pump of +6.39%! The volume is increasing, but the cost line is high, is it opportunity or risk?

The PI/USDT perpetual contract is experiencing significant movement and rise! The current price is $0.4958, with a strong increase of +6.39% over the past 24 hours (daily high +6.07%), outperforming the market!
Key data overview:
📈 24H Performance: Highest $0.50995 | Lowest $0.46573 | Current Price $0.49597
💰 Trading Heat: The 24-hour trading volume reached 88.09 million PI, with a transaction amount of 42.86 million USDT! Ranked #8 on the trading pair heat list.
📊 Technical Analysis (1H/4H): MACD(12,26,9) shows DIF: -0.23065, DEA: -0.21801, MACD: -0.01263. Although it is still negative, the green bars (or close to turning green? Need to check the chart) may indicate a weakening of short-term downward momentum or the budding of a rebound. MA5 ($0.52018) and MA10 ($0.65436) still hang above and create pressure.
⚠️ Key contradiction point: Data shows the average cost price is about $0.6! This means that the vast majority of holders are currently in a deep floating loss (current price is far below the cost price). "Current price $0.49597" vs "Cost $0.65050" is the core focus.
Interpretation & Focus:
1. Significant rise: The noticeable increase in trading volume and turnover is a strong support for this rise, indicating that funds are entering the market.
2. Oversold rebound? From the intraday low of $0.46573 to the current price, the short-term rebound strength is relatively strong.
3. Huge trapped positions: The average cost around $0.65050 above is a significant resistance area. A large amount of trapped positions waiting to be released will create strong selling pressure.
4. Moving Average Resistance: MA5 ($0.520) and MA10 ($0.654) are the first hurdles to overcome on the road to rebound.
5. MACD signal: Pay attention to whether the MACD can form a golden cross, which will strengthen the short-term bullish signal.
Summary:
PI short-term strong rebound, with both volume and price rising, the momentum is good! 🔥 But it must be clearly recognized that the current price is still more than 30% away from the market average cost line ($0.65), and there is heavy pressure above. Is this wave of rise a technical rebound after an oversold condition, or the beginning of a trend reversal? Continuous observation is needed to see if it can effectively break through key moving averages (especially MA5 $0.52) and whether the trading volume can be maintained.
You will choose:
Seize the rebound opportunity for short-term operations? ( High volatility, high risk! )
Waiting for a breakthrough at the key resistance level ($0.52/$0.65) Confirming the trend? Or do you think the selling pressure above is too heavy, making it difficult for the rebound to sustain?
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