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📉 Market Overview PI/USDT & Short-Term Forecast
Hello, Gate family! Here is a comprehensive overview of the price fluctuations of PI/USDT based on the latest data. Let’s break down the trend and make some forecasts for the future!
🕒 Analysis of the 1-hour chart: Over the last few sessions, the PI/USDT pair has shown significant volatility. The price sharply rose to 0.47222 USDT before quickly returning to 0.43000, forming a sharp wick on the hourly chart. Such movement often signals a strong reaction from traders — either a failed breakout or profit-taking at the peak.
📉 Currently trading around 0.43686, the token is trying to recover slightly. The moving averages (MA5, MA10, MA30) are positioned in a bearish order, indicating continued selling pressure.
📈 MACD & Momentum signals:
The MACD histogram is in the negative zone, and both the MACD and signal lines are below zero, indicating bearish momentum.
However, a slight alignment may signal potential reversal zones in the short term.
📊 RSI and KDJ Indicators:
RSI (12) is around 38, which is slightly oversold but not too much. This leaves some room for an upward correction.
The KDJ indicator shows a slight convergence, with the J line at 62.28, indicating a possible bullish crossover if this momentum continues.
🔮 What's next? If buyers regain strength and break through the resistance at 0.442 (MA30), we could see a short-term bounce to the range of 0.455–0.460. However, if it fails to hold above 0.436, it could lead to a retest of the support zone at 0.430 or even lower.
📅 Multi-timeframe overview:
On the 4-hour chart, the trendlines still indicate consolidation below key resistance zones.
On the daily chart, broader movements indicate that accumulation may be occurring if the volume supports the breakout.
⚠️ Just a reminder: This analysis is for educational purposes only. Always DYOR ( Conduct your own research ) before investing.
Let's see how this unfolds and whether PI/USDT can regain its short-term highs or if we will move into a deeper consolidation.
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