PI Network remains strong 📉
Key takeaways:
- PI is up by 2% in the last 24 hours, holding above $0.1500.
- Momentum indicators hint at potential recovery soon.
Mild accumulation seen as recent exchange data points to growing demand for PI. 👤
While resistance persists near $0.1550, declining CEX outflows and rising inflows support a cautiously bullish outlook. 💵
A decline in token balances on Centralized Exchanges suggests investors are moving assets into private wallets rather than preparing to sell. 🗑️
As PI trades around $0.1536, the bearish structure holds with resistance at key zones like $0.1573 and $0.1680. 🔍
With support holding near Tuesday's low of $0.1463, a breakout above $0.1550 could lead to further gains toward the 200-period EMA at $0.1680. 🚀
Are you watching for this recovery move? Share your thoughts below! 💬