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Pi Network Battles Bearish Trends as Technical Indicators Flash Warning Signs
Pi Network Battles Bearish Trends as Technical Indicators Flash Warning Signs
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin continues to struggle below the $1 mark, currently trading at $0.6404 after experiencing a 33% monthly decline. Technical indicators present a mixed outlook: while oscillators such as RSI and Stochastic remain neutral, the MACD points to bearish momentum. A clear breakout above $0.70 is necessary to shift market sentiment.
Short-term EMAs remaining below long-term averages suggest ongoing downside risks. Analysts caution about a potential 23% drop to $0.4848 by June 14 if bullish catalysts fail to emerge. However, Moon Jeff''s $1.2 price target indicates latent upside potential—a 37% rally could be possible with renewed buying pressure.
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