The bullish trend of the layout doing more $PIEVERSE is very resilient.
Technically, it has been rising from a low position, with both the 4-hour and 1-hour moving averages showing a bullish arrangement. The price is surging along the short-term moving averages, and although it has retreated a bit after reaching 0.4936, this pullback seems more like a breather during the upward movement.
The capital situation is also strong, with traders' long positions yielding substantial profits. The net buying volume has been consistently increasing, and the open interest is rising alongside the price, indicating strong buying power. Moreover, the community is calling for bullish sentiment, and this market emotion is also helping to push the trend.
However, in the short term, attention should be paid to the support at 0.45. If it can hold, we can continue to look bullish towards 0.5 or even higher; if it cannot hold, there may be a small pullback, but the overall trend is still dominated by bulls.
