The price of PI/USDT has been moving within a well-defined falling channel, consistently facing rejection from the upper trendline and finding support at the lower boundary. Notably, the price has bounced multiple times from the falling support line, indicating it as a significant dynamic zone.
Recently, the price broke out of this descending channel with strong momentum, suggesting a potential trend reversal. The breakout candle is accompanied by high volatility, signaling bullish strength.
Additionally, the previous support zone, which turned into resistance, has now been reclaimed. This flip adds further bullish confirmation.
Recently, the price broke out of this descending channel with strong momentum, suggesting a potential trend reversal. The breakout candle is accompanied by high volatility, signaling bullish strength.
Additionally, the previous support zone, which turned into resistance, has now been reclaimed. This flip adds further bullish confirmation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.