Pi Coin Price Bounce Isn’t Over Yet? Two Bullish Charts Show Why
Pi Coin shows bullish signs on daily and 4-hour charts, suggesting its recent price recovery may continue.Summary
The Pi Coin price has rebounded 17.3% over the past week, trimming monthly losses. Technical analysis suggests this recovery could continue, supported by two key bullish indicators. On the daily chart, a hidden bullish divergence on the Relative Strength Index (RSI) indicates weakening seller control. Concurrently, the 4-hour chart is nearing a 'golden crossover' where the 50-period Exponential Moving Average (EMA) crosses above the 200-period EMA, signaling growing bullish momentum. Furthermore, the Money Flow Index (MFI) shows sustained inflows from retail traders, keeping buying pressure active. Key resistance levels to watch are $0.255, $0.270, and $0.293, while support lies at $0.21 and $0.194; failure to hold $0.194 would invalidate the current bullish outlook.
(Source：BeInCrypto)