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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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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.

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