Ah, the illustrious PI Network, currently languishing in the depths of a correction after its brief dalliance with greatness at an all-time high. How quaint! 🥴
Key Support levels: $1.2
Key Resistance levels: $1.5, $1.8, $2
1. Correction Ongoing
Once upon a time, in a land of digital dreams, PI soared to a dizzying height of $3. Alas, it has since plummeted to a mere $1.2, like a soufflé that has lost its will to rise. Buyers, bless their optimistic hearts, have returned to this pitiful price point, attempting to nudge it back to the lofty resistance of $1.5. Will they succeed? Only time will tell, but I wouldn’t hold my breath! 😅
2. Key Resistance Holds Up Recovery
Should the gallant buyers manage to hoist PI above the $1.5 mark and transform it into a bastion of support, we might witness a delightful relief rally. Picture it: a jubilant ascent towards $1.8, as if the cryptocurrency were a phoenix rising from the ashes of its own miscalculations. 🦅
3. Momentum Turning Bullish
On the 4-hour MACD, the momentum appears to be on the verge of flipping bullish. How thrilling! This could entice buyers to return, eager to break through the $1.5 barrier. If they do, we might just see this beleaguered cryptocurrency embark on a new uptrend, gallivanting towards $1.8 and beyond. Or, it could just as easily tumble back into obscurity. Who knows? 🤷♂️
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2025-03-11 10:35