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Pi Coin Flashes Bullish Signals as Bearish Exhaustion Emerges
Pi Coin Flashes Bullish Signals as Bearish Exhaustion Emerges
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin's extended downtrend may be approaching a reversal point as technical indicators show declining sell pressure. The Bull-Bear Power indicator has risen from deeply negative levels since August 1, replicating a pattern seen in mid-July that preceded a 15% price rally.
Analysts highlight that weakening bearish momentum coincides with increasing social dominance metrics. Between August 1-3, Pi-related discussions formed higher highs across crypto social platforms - a pattern last observed during July's local bottom formation. This alignment of technical and sentiment indicators suggests seller exhaustion may be setting in.
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