Скачать или смотреть Pi Network Bounce Triggers Bullish Buzz, But There’s a Catch

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Pi Network Bounce Triggers Bullish Buzz, But There’s a Catch #pi #picoin #pinetwork

Pi Network is experiencing a surge in interest as its price shows early signs of recovery, rising by 30% from its recent lows. However, despite the positive momentum, there are key hurdles that might prevent a full-fledged recovery.

Currently, Pi’s price hovers around $0.84, slightly up from $0.74 to $0.77, but the path to $1 remains uncertain. A major factor contributing to this ambiguity is the internal delays and external doubts surrounding the project. Trading volume has surged by over 150%, fueling speculation about Pi’s potential for growth, but many market watchers remain cautious.

Technical indicators present mixed signals. The Relative Strength Index (RSI) is neutral at 54, showing neither a clear bullish nor bearish trend. Although the moving averages indicate some upward movement, the MACD (Moving Average Convergence Divergence) is edging closer to a sell signal. According to blockchain analyst Kevin Zhou, for Pi to truly break past the $1 mark, it needs to clear the $0.90 threshold with consistent buying pressure.

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