2025-04-16 17:38:48

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PI/USDT Market Analysis & Future Outlook (Apr 15-16)

The PI/USDT pair experienced a noticeable drop of over 18% within 24 hours, moving from a high of $0.7487 down to $0.5995 before stabilizing near $0.6096. Here’s a simplified price trend chart to help visualize the movement:

Technical Summary:

Trend: Clear short-term downtrend with lower highs and lower lows.

Support Level: Formed around $0.5995

Resistance Zone: Around $0.63 to $0.65

Volume: Decreasing, suggesting a potential slowdown in selling pressure.

MACD & RSI: Slight bullish divergence forming, indicating a possible reversal or short-term bounce.

Short-Term Prediction (1H-4H Timeframe): If price holds above $0.60, a relief bounce to $0.63 is possible. But failure to hold this support could lead to further drop toward $0.58.

Medium-Term View (1D Timeframe): Market structure remains bearish unless price reclaims and sustains above the 30 EMA (currently around $0.637). Reaccumulation is likely if price consolidates sideways for the next 24-48 hours.

Refined View (EMA Cross Analysis): All short and long EMAs are aligned downward, confirming bearish momentum. Watch for any bullish crossover as an early signal for trend reversal.
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PI0,63%

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