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PI Coin Shows Bullish Reversal Signals: 3 Key Patterns to Watch
PI Coin Shows Bullish Reversal Signals: 3 Key Patterns to Watch
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
PI Coin's price action has been sluggish, with a 15% monthly decline and a 23% drop over three months. However, technical indicators now suggest a potential reversal. The On-Balance Volume (OBV) displays early signs of accumulation, aligning with recent price upticks—a signal that buying pressure may be building.
For confirmation, OBV needs to break above its previous peak of -1.57 billion. Meanwhile, the Relative Strength Index (RSI) shows a bullish divergence, trending upward even as Pi Coin forms lower highs. This convergence of volume and momentum indicators indicates a possible shift in market sentiment.
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