#pi 🚨🚨🚨Pi Network price rejects sharply at $0.29: can the uptrend hold?
Pi Network price technical analysis🚨🚨🚨
Pi Network Pi Network pi-5.76%
Pi Network price is showing signs of a developing short-term uptrend, with the price forming a higher low around $0.19 followed by a higher high near $0.29.
The recent reclaim of both the EMA 9 and EMA 21, along with a fresh bullish crossover between the two moving averages, marks the first meaningful bullish signal since the May rally. Both EMAs are now sloping upward, indicating strengthening short-term momentum.
That said, strong rejections around $0.28 and $0.29, evident from long upper wicks at the latest high, suggest sellers are active at those levels.
With both RSI and Stochastic RSI oscillators in overbought territory, a short-term pullback or consolidation appears likely. However, as long as Pi Network price continues to hold above the current ascending trendline, the bias remains bullish in the short term.
Pi Network price technical analysis🚨🚨🚨
Pi Network Pi Network pi-5.76%
Pi Network price is showing signs of a developing short-term uptrend, with the price forming a higher low around $0.19 followed by a higher high near $0.29.
The recent reclaim of both the EMA 9 and EMA 21, along with a fresh bullish crossover between the two moving averages, marks the first meaningful bullish signal since the May rally. Both EMAs are now sloping upward, indicating strengthening short-term momentum.
That said, strong rejections around $0.28 and $0.29, evident from long upper wicks at the latest high, suggest sellers are active at those levels.
With both RSI and Stochastic RSI oscillators in overbought territory, a short-term pullback or consolidation appears likely. However, as long as Pi Network price continues to hold above the current ascending trendline, the bias remains bullish in the short term.