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PI Token Struggles at $0.64 Resistance Despite Bullish Divergence Signals
PI Token Struggles at $0.64 Resistance Despite Bullish Divergence Signals
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
The PI token faced rejection at the $0.64 resistance level, underscoring insufficient buying volume for a sustained recovery. Although it closed at $0.479 on July 1st—below its June 22nd close of $0.50—the Money FLOW Index (MFI) displayed higher lows, hinting at a potential bullish divergence.
The daily chart maintains a bearish bias, with moving averages acting as dynamic resistance. While a bullish reversal from $0.48 is plausible, Pi lacks the momentum to surpass key hurdles without a notable volume surge. Traders considering long positions should carefully evaluate these mixed signals.
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