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Hidden RSI Divergence Points to Potential PI Coin Reversal Despite Bearish Market Sentiment
Hidden RSI Divergence Points to Potential PI Coin Reversal Despite Bearish Market Sentiment
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
PI coin's exchange reserves have surged over the past two months, with net inflows exceeding outflows across major centralized exchanges. While this typically indicates impending sell pressure, a subtle RSI divergence suggests a possible trend reversal.
Perpetual contract funding rates remain deeply negative, reflecting strong bearish sentiment as short positions dominate. The Elder RAY Index shows limited bull power, but the lack of new spikes in bearish momentum leaves room for cautious optimism.
Traders continue monitoring exchange inflows and derivatives data for signs of capitulation or trend reversal. The divergence between technical indicators and market positioning creates an intriguing dynamic in PI's price action.
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