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PIUSDT Perpetual Swap ContractPIUSDT Perpetual Swap ContractPIUSDT Perpetual Swap Contract

PIUSDT Perpetual Swap Contract

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PIUSDT.P trade ideas

Pi Coin. Pi NetworkAs the Open mainnet is just opend, the spikes and sell off is creating a harami bullish candle. And I'm expecting a huge bullish will come in this coming days. But still have a new high resistance need to broke before can go more higher. Expecting on the 28th Feb will have a news because the pioneer last day for KYC. Stay tune for more updates. I also waiting for the 50 days of EMA indicator to complete than the graph data can be more accurate, since this is still new.
GATEIO:PIUSDTLong
by SL-Trades
Pi Network (PI) Morning Market Update Monday 24th Feb 2025Current Price Overview: • Current Price: $1.528 (-0.83%) • 24H High: $1.698 • 24H Low: $1.206 • Resistance Levels: $1.60 – $1.70 • Support Levels: $1.50, then $1.40 – $1.42 Recent Developments: Pi Network successfully launched its Open Mainnet on February 20, 2025, after multiple delays. This milestone allows users to conduct transactions beyond the Pi ecosystem and interact with external networks on the Mainnet blockchain. The launch led to significant market activity, with the PI token being listed on multiple exchanges, and experiencing sharp price movements. Initially, the price surged to $2.10 but quickly corrected, stabilizing around the current price of $1.528.  Market Sentiment: The sentiment surrounding Pi Network is mixed. While the mainnet launch has been a significant achievement, concerns have been raised regarding the project’s legitimacy. Notably, Bybit CEO Ben Zhou labeled the project a scam, citing warnings from Chinese authorities. These allegations have contributed to increased volatility and caution among investors.  Fundamental Analysis: Pi Network has amassed a substantial user base since its inception in 2019, with over 19 million Pioneers completing KYC verification and more than 10 million migrating to the Mainnet. The project’s goal of creating a decentralized and user-friendly cryptocurrency ecosystem is ambitious. However, the recent price volatility and external criticisms highlight the importance of transparency and robust security measures to maintain investor confidence.  Key Technical Indicators: • MACD: The Moving Average Convergence Divergence (MACD) indicates a potential bearish crossover, suggesting possible downward momentum. • RSI: The Relative Strength Index (RSI) is approaching oversold territory, which may indicate a potential buying opportunity if the trend reverses. • Fibonacci Retracement: The current price is testing the 61.8% Fibonacci retracement level from the recent high, a critical point that could determine future price direction. Recommendations: 1. Monitor Support and Resistance Levels: Keep an eye on the $1.50 support level. A break below this could lead to further declines toward the $1.40 – $1.42 range. Conversely, surpassing the $1.60 – $1.70 resistance zone may pave the way for upward movement. 2. Stay Informed on Project Developments: Given the mixed sentiment and external criticisms, staying updated on official communications from the Pi Network team is crucial. Transparency and proactive engagement can significantly influence investor confidence. Good luck, and follow for more!
GATEIO:PIUSDTLong
by DailyPiBySte
PIUSDTThe price of PI/USDT may encounter different levels of support and resistance due to a number of factors important in technical analysis and market dynamics. Here are some reasons why the price levels mentioned, such as 1.58, 1.64 as resistance and 1.41, 1.30 as support, may be relevant: 1. Historical price levels: Resistance at 1.58 & 1.64: These levels may have previously served as resistance, with the price unable to break through further and reversing. This could be due to selling of larger lots, technical indicators showing that momentum is weaker there, or simply because it is seen as an important psychological price level. Support at 1.41 & 1.30: Likewise, these levels could be previous supports, where the price has previously stopped falling and reversed. This may indicate greater demand at these price levels, preventing the price from falling further below these levels. 2. Psychological Price Levels: Market participants often tend to react to certain price levels that are psychologically important, such as round numbers or previous highs and lows. So the levels I mention (1.58, 1.64, 1.41, 1.30) could function as psychological market point levels, where traders expect the price to reverse. 3. Technical indicators: Fibonacci retracement: Fibonacci levels are often used to identify potential support and resistance levels. If the price is within a certain range, the levels mentioned (e.g. 1.58, 1.64, 1.30) could be important retracement levels, which could mean that the price is more likely to bounce or return to higher levels, such as 1.90. Moving averages: If the price is close to major moving averages (such as the 50-day or 200-day MA), these can also act as support or resistance depending on when the price hits the level. 4. Market structure and trend: If the broader market trend is to the upside, price may encounter temporary levels of resistance (such as 1.58, 1.64) but later break through these levels again after a consolidation or pullback. This could lead to an upward move towards $1.90 and possibly even $2, depending on demand and market sentiment. 5. Volume and market activity: Volume can play an important role in validating these levels. If there is more buying pressure at 1.41 or 1.30, the price may bounce there and move higher. On the other hand, if there is little buying volume at 1.58 or 1.64, resistance there could be strong.
MEXC:PIUSDT
by odinsloyaltyproducts