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Pi Network Faces Key Resistance at $0.6477: Will Breakout Spark a Rally?
Pi Network Faces Key Resistance at $0.6477: Will Breakout Spark a Rally?
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News - Pi Network (PI) is showing signs of short-term recovery but confronts strong resistance at $0.6477. Bullish sentiment is hinted by over 41 million PI tokens moving off exchanges. Mainnet migration continues steadily, with more than 12 million users onboarded. Currently, PI trades at $0.6305, reflecting a 2.21% dip in the last 24 hours and a 15.01% weekly decline amid broader market pressure. Trading volume dropped 39.63% to $92.82 million, signaling waning short-term interest. Technical indicators are mixed: the RSI at 61.28 suggests growing bullish momentum, while the MACD hints at a potential reversal. The ADX reading of 77.6 indicates strong trend strength, keeping traders watchful for a breakout.
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