2025-04-15 20:59:41

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PI/USDT Analysis & Future Outlook — Correction or Opportunity?

Over the past few days, PI/USDT showed an impressive rally, hitting a peak near 0.7910 USDT, before pulling back to 0.6628 USDT, registering a 10.55% drop in 24H. But is this a short-term correction… or the beginning of a trend reversal?

Let’s break it down:

Technical Snapshot (6H Chart)

Price Trend: Broke below key EMAs (EMA10 & EMA30), signaling short-term bearish pressure.

Support Zone: 0.6225 – 0.6615

Resistance Zone: 0.7040 – 0.7230

RSI: RSI(6) at 25 = oversold zone → potential bounce

MACD: Bearish crossover, showing momentum loss

KDJ: J line dropped sharply = strong sell pressure

Multiple Timeframe Perspective:

6H Trend: Currently under correction with strong selling

1D Chart: Still within bullish territory, as long as it holds above 0.62

15min Chart: Volatility increasing — scalpers may find short-term long plays

What’s Next?

Here are two likely scenarios:

1. Bullish Bounce: If price holds the 0.66–0.62 support zone, we could see a rebound toward 0.70+

2. Bearish Breakdown: A close below 0.62 may open downside to 0.58 or even 0.5347 (last low)

My Take?
This dip feels like a healthy correction in an overall bullish cycle. If volume supports a bounce soon, PI/USDT could revisit the 0.70+ levels in the coming sessions. Keep an eye on RSI and MACD for confirmation.

Let the chart do the talking:

Visualizing 6H performance over the past 5 days

This is not financial advice. Just sharing my view as a fellow trader.
#PI

ME10.07%

PI-0.77%

OVER0.09%

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