INSUBCONTINENT EXCLUSIVE:
Source: Coin360While the price action was positive leading up to the event, it has turned bearish ever since
exponential moving average (EMA) ($0.56) on Wednesday, but the bulls could not clear the overhead resistance at the 50-day simple moving
average (SMA) ($0.66).PI/USDT daily chart
Source: Cointelegraph/TradingViewThe price turned down and closed below the 20-day EMA on Thursday, indicating that the bears remain in
There is support at $0.47 and then at $0.40
the price rebounds off $0.47 and rises above the 20-day EMA, it signals buying at lower levels
500 to hit new all-time high in July: ForecastPI/USDT 4-hour chart
Source: Cointelegraph/TradingViewThe 20-EMA is sloping down, and the RSI is near the oversold territory, indicating that bears are firmly in
Buyers will try to start a relief rally at $0.47 but may face strong selling at the 20-day EMA
If the price turns down sharply from the 20-day EMA, the risk of a break below $0.47 increases
The pair may then slump toward $0.40.Conversely, a break above the 20-day EMA suggests the bulls are attempting a comeback
There is resistance at the 50-day SMA, but it may be crossed
The pair could then climb to $0.60.This article does not contain investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
