Pi Network/Tether
Short
Updated

PIUSDT Hourly Technical Analysis

479
PIUSDT Hourly Technical Analysis

In the 1-hour technical analysis of Pi Network Coin, the selling pressure continues as it failed to break the 1.21 resistance. The price has dropped to the 1.0770 support level. If this support is also broken downward, the next support levels are 1.031 - 1.010. Our current expectation is negative. Next week, we may shift to daily technical analysis since daily technical data is also becoming clearer. However, for now, the daily outlook also appears negative. If there are sharp declines, buying at lower prices could create a potential for significant long-term returns.

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Note
If it can't stay above the 1.03 support after breaking down, it may test the 1.01 support. Indicators continue to be negative.
Note
In the hourly technical analysis, it has broken below the 0.891 support level. The 0.621 support will be monitored. While there was positivity above the 0.891 support, indicators have now turned negative again below this level.
Note
In the hourly technical analysis, Pi Network Coin dropped to the 0.858 level, forming support at this level before experiencing a rebound. With the rebound, it has risen above the 1.077 resistance level and is now moving sideways above this level.

After achieving a gain of approximately 25%, it is important to be cautious of a potential profit-taking sell-off. For our analysis to turn positive, it must continue to hold above the 1.077 support level. In the hourly technical analysis, indicators are at the peak level.
Trade closed manually
Daily technical analysis data has started to appear. We are closing our hourly analysis to publish daily technical analysis.

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