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Pi Network Price Eyes Breakout as Technicals Turn Bullish
Pi Network Price Eyes Breakout as Technicals Turn Bullish
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network is showing early signs of recovery, with its price stabilizing around the $0.61 support level. The cryptocurrency has gained 5% in the past 24 hours and 14% over the last month, while trading volume increased 7% to $139.4 million.
Tightening Bollinger Bands suggest an impending breakout from the current $0.60-$0.65 consolidation range. The Relative Strength Index (RSI) hovering just above neutral territory supports the bullish technical setup.
Traders are monitoring a potential decisive move above the $0.65 resistance level, which could confirm the reversal pattern. These technical improvements coincide with ongoing development of the project’s fundamentals.
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