Pi Network Price Analysis: Can #PI Hold Support at $0.0747?
PI is currently holding just above the lower Bollinger Band at $0.0747, trading at $0.0786 and down 1.5% today, but remains below the 20-day moving average at $0.0833, so sellers are still in control of the trend.
The RSI at 36.66 is weak but not yet oversold. In mid-October, it showed a bullish divergence, meaning the price reached a lower low while the RSI held its previous low. This points to easing selling pressure, although the price has yet to rebound significantly.
PI is more likely to hold $0.0747 on October 20 than to reclaim $0.0833, while a daily close below the band would put the July low near $0.07 in focus.
PI is currently holding just above the lower Bollinger Band at $0.0747, trading at $0.0786 and down 1.5% today, but remains below the 20-day moving average at $0.0833, so sellers are still in control of the trend.
The RSI at 36.66 is weak but not yet oversold. In mid-October, it showed a bullish divergence, meaning the price reached a lower low while the RSI held its previous low. This points to easing selling pressure, although the price has yet to rebound significantly.
PI is more likely to hold $0.0747 on October 20 than to reclaim $0.0833, while a daily close below the band would put the July low near $0.07 in focus.