The PI (PI) has increased more than 4 % in the past 24 hours after launching a migration road map. The distinctive symbol shows the signs of premature recovery through several indicators, but the confirmation of the ongoing upward trend is still uncertain.
While technical settings such as Ichimoku Cloud and RSI indicate a possible transformation in the feeling, resistance levels are still strong. At the same time, frustration between society continues to be proven due to the lack of clarity in the migration road map, adding another layer of pressure on the next step of the PI.
PI tested cloud resistance with the next weak direction structure
The PI network is currently trading below the Ichimoku cloud, indicating the frequency where buyers try to regain control. While modern candles show their lowest levels and some upward intention, the price remains under the cloud resistance area.
Tenkan-Sen (blue line) is still less than Kijun-Sen, which means that the short-term momentum has not overcome the average trend yet.
Until the bullish intersection is formed and the price collapses across the cloud, the structure prefers to be careful to confirm.
We look forward, the cloud becomes thicker and increasingly granted, indicating that the fluctuation may come back and develop the strongest trend – urinary or landing – soon.
This breadth notes that the market may prepare for a more decisive movement, and that a successful collapse above the cloud will be an important signal.
However, as long as the PI remains below this area, it remains in a weak position, with rejection and a continuous side movement that is still on the table.
Pi Network RSI rises, but it fails to stick to more than 57
The RSI is currently 53.77, which reflects a large recovery from its excessive reading of 32.34 days ago.
However, after the peak on 57.25 yesterday, the relative power index cools a little, indicating that the momentum ascending was somewhat weakened.
This shift indicates that while buying recently returned pressure, it was not yet strong or consistent enough to keep a full outbreak. The market appears to be stable, but not strong in any of the two directions.
RSI is a momentum that measures the speed and size of recent price changes on a scale from 0 to 100.
Values that exceed 70 usually indicate that the original may be excessive and may be due to a correction, while readings that are less than 30 indicate excessive conditions and possible escalating reflections. With the presence of RSI in PI at 53.77, the distinctive symbol in a neutral area appears moderate but still far from excessive levels of peak.
This leaves room for more bullish trend if the momentum provides backup, but also indicates that caution is justified because the trend has not yet strengthened.
PI penetration eyes despite the frustration of the road map
Pi Price is currently lower less than the main resistance level, indicating that the decisive step can approach. If this resistance is tested and broken, PI may resume its upward path, with possible targets of about $ 0.789 and $ 0.858.
The continuous collapse can ignite the strong momentum that was seen a few months ago, paving the way for payment about $ 1.23 or even $ 1.79.
Despite the recent increase in prices by 4 % over the past 24 hours, feelings are still mixed due to the increasing frustration of the migration road map, which still lacks a clear timetable.
On the negative side, if PI fails to penetrate the resistance of $ 0.66, the code may face a decline of about $ 0.54. The loss of this support level would open the door for a deeper correction, which may lead to a decrease in the price to $ 0.40.
This makes the current area a decisive battlefield between buyers and sellers, as the next few sessions may determine whether PI enters a new ups and returns to a decrease.
Until there is a clear outbreak or collapse, the price remains in a sensitive position, which is strongly affected by technical levels and societal morale.
Disintegration
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