🚨 $PI Update – Bulls Holding Key Support
Pi Network (PI) is up ~2%, holding above key support despite overall market pressure from global tensions.
🔥 What’s happening?
Second mainnet migration underway
Over 1.12M PI tokens deposited on CEXs in 24h
119K+ users (Pioneers) completed migration
More supply on exchanges → Short-term pressure
⚙️ Fundamentals:
Network upgrade to Protocol 21 (based on Stellar)
Deadline for nodes: April 6
📊 Technical Analysis:
Price holding above $0.1736 support
Below 50 EMA ($0.1872) → Mild bearish bias
MACD weak but downside momentum fading
RSI at 45 → No strong bullish confirmation
🎯 Key Levels:
Resistance: $0.1872 → $0.1953
Support: $0.1736 → $0.1556
⚠️ Conclusion:
PI is showing resilience, but trend remains neutral to slightly bearish.
Holding above $0.1736 is crucial for recovery.
💬 Bullish or Bearish on $PI this week?
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