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Pi Coin Shows Bullish MACD Reversal Signal Despite Ecosystem Challenges
Pi Coin Shows Bullish MACD Reversal Signal Despite Ecosystem Challenges
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin''s extended downtrend may be approaching exhaustion as the daily MACD indicates a golden cross, hinting at potential bullish momentum. The token has underperformed compared to peers, dropping 43% over the past month despite recoveries in the broader altcoin market.
However, fundamental issues challenge this technical optimism. Ecosystem development remains slow, with adoption barriers and speculative trading driving price movements. Daily unlocks of $7 million in Pi tokens add to liquidity pressures, creating deflationary headwinds without matching demand.
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