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Pi Coin Bounces Back: Technical Indicators Flash Bullish Signals Amid Market Turbulence
Pi Coin Bounces Back: Technical Indicators Flash Bullish Signals Amid Market Turbulence
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin’s recent 5% dip below $1 has ignited valuation debates, but technical analysis now points to a potential turnaround. After briefly touching $0.62 during its bearish slide, the cryptocurrency is showing signs of recovery with a MACD crossover indicating growing buyer interest.
Despite upcoming token unlocks, the network maintains a market cap above $4 billion, reflecting continued investor confidence. Analysts identify key price thresholds at $0.75-$0.78 for bullish confirmation, with $0.55 serving as critical support. The market’s ability to absorb 8.9 million newly released tokens will be a decisive factor in Pi Coin’s performance throughout May.
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