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Pi Network’s PI Token Shows Signs of Correction After 200% Surge
Pi Network’s PI Token Shows Signs of Correction After 200% Surge
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s native token PI experienced a dramatic 200% rally last week, soaring from $0.60 to briefly hit $1.70 before showing signs of exhaustion. The parabolic MOVE has pushed the daily RSI into extreme overbought territory at 88, indicating a potential pullback.
Technical analysis suggests key support levels at $1.40 and $1.00 if profit-taking accelerates. While the rally was driven by exponential buy volume, sustainability at these levels remains uncertain. Traders are now closely monitoring the $1.70 resistance level for either a breakout confirmation or rejection.
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