The token Pi Network has experienced a difficult period in recent months, but may well get up in the coming weeks. Crypto analysts detect encouraging technical signals, suggesting a rally to the $ 1 threshold.
Haussiers signals for Pi Network
Since his Historic peak at $ 3 Last February, the Token Pi was swept away in a downward trend. It has evolved under a descending trend line from the 12 avril. However, recent price movements and technical indicators suggest a possible situation reversal.
Daily graph analysis PI/USD reveals a significant increase in the on-balance volume (OBV) for the past two days. This metric, considered an advanced indicator, suggests a increase in purchase pressureeven if the price remains stable for the moment. Such a divergence between the price and the OBV is often the precursor sign of an upcoming bullish break.
In addition, the red bars of The Bbtrend indicator Pi have gradually contracted, attesting to a weakening of the sales pressure. This reduction in volatility indicates that the market is preparing for a change of direction.
Currently listed at 0,591 $the token pi evolves under its downward trend line, which forms resistance around 0,605 $. However, if the upward dynamics are strengthening and the request is racing, it could well cross this threshold to target the level of 1,01 $.
Conversely, an absence of rebound would raise fears of a return to the lowest historic of 0,40 $.
A tendency reversal in future?
The technical indicators therefore seem to indicate that the worst is behind for Pi Network. The discreet accumulation of investors and the decline in sales pressure suggest a possible reversal of short -term trend.
If this dynamic is confirmed, the token pi could well reconnect And offer great opportunities to traders bet on a return to $ 1, even beyond. It remains to be seen whether the overall feeling of the Crypto market will be able to align with these signals bullish emerging.
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