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Pi Network’s 86% Rally Establishes $1 as Key Support Level Despite Overbought Conditions
Pi Network’s 86% Rally Establishes $1 as Key Support Level Despite Overbought Conditions
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network (PI) has surged 86% this week, solidifying $1.00 as a critical support level. The altcoin now aims to recover March losses as bullish momentum drives its RSI above 70—typically indicating overbought conditions.
Market analysts observe that extended periods in overbought territory don’t always trigger immediate pullbacks. PI’s ability to maintain current levels may delay any significant correction, though profit-taking risks persist.
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