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Pi Network Prepares For Reversal, Price Recovery From $1.6 Ahead

分析3日前更新 kitsud...
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Pi Network has experienced a significant decline, with the price pulling away from its all-time high (ATH) of $3.00. Despite the broader market downturn, investor sentiment remains optimistic, allowing PI to resist extreme losses. 

Now trading near $1.60, the altcoin is positioning for a potential reversal, aiming to regain lost ground.

Pi Network Is Aiming For Recovery

The Moving Average Convergence Divergence (MACD) indicator suggests a potential bullish crossover for Pi Coin. If the MACD line crosses above the signal line, it would indicate growing bullish momentum. A shift in the histogram bars from red to green would further confirm the possibility of a trend reversal.

Investor support plays a key role in sustaining this momentum. If buying pressure increases, Pi Network’s price could solidify its uptrend, mitigating the risk of further downside.

Pi Network Prepares For Reversal, Price Recovery From  .6 Ahead
PI Coin MACD. Source: TradingView

Despite signs of recovery, the Relative Strength Index (RSI) remains below the neutral 50.0 mark, indicating a lingering bearish sentiment. Until RSI crosses into bullish territory, Pi Network price upward movement may remain slow and uncertain. The broader market environment continues to pose challenges for altcoins.

A strong push from investors could accelerate momentum, but the macro outlook remains cautious. If RSI remains suppressed, PI’s recovery may be gradual rather than immediate.

Pi Network Prepares For Reversal, Price Recovery From  .6 Ahead
PI Coin RSI. Source: TradingView

PI Price Could See Gains

Pi Coin is holding above $1.59, attempting to bounce back toward the $2.00 resistance. Breaking past this level is crucial for reversing recent losses. If PI manages to establish support above $2.00, it could signal renewed investor confidence.

With support from technical indicators and buying momentum, securing $2.00 as support could open the path toward its ATH of $3.00. A successful breakout may lead to price discovery, allowing PI to set new highs. However, this depends on broader market sentiment remaining stable.

Pi Network Prepares For Reversal, Price Recovery From  .6 Ahead
PI Coin Price Analysis. Source: TradingView

On the downside, if bearish pressure dominates, Pi Coin could lose its $1.59 support. A drop below this level could send PI toward $1.43 or even $1.19, invalidating the bullish thesis. This would indicate a prolonged correction, delaying any potential recovery.

この記事はインターネットから得たものです。 Pi Network Prepares For Reversal, Price Recovery From $1.6 Ahead

Related: Dialogue with Bybit CEO: How to avert a $1.5 billion crisis in 72 hours?

Original title: Bybit Founder: How I Survived The Biggest Crypto Theft Of All Time | E 110 Original source: When Shift Happens Original translation: TechFlow Guest: Ben Zhou, Bybit CEO Moderator: Kevin Follonier Podcast source: When Shift Happens Air date: February 27, 2025 Introduction A few days after Bybit suffered a $1.5 billion Ethereum hack, host Kevin spoke with the exchanges CEO Ben. Through this conversation, we will learn how Bybit responded to the crisis and successfully processed 350,000 withdrawal requests in 72 hours, while quickly raising alternative funds to ensure uninterrupted operations. This interview provides us with valuable lessons on how to demonstrate leadership under extreme pressure and how to maintain user trust in the face of billions of dollars at risk. Highlights from the interview · What doesn’t…

 

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