Pi Network (PI) trades above $0.1700 at the time of writing on Monday, testing the 50-day Exponential Moving Average (EMA) at $0.1767.
Pi Network Price Forecast: PI extends recovery flouting market pressurePi Network trades above $0.1700 at the time of writing on Monday, testing the 50-day Exponential Moving Average at $0.1767. Over the last 24 hours, roughly 2.
90 million PI tokens were deposited onto Centralized Exchanges , suggesting profit-taking by investors following the recent recovery. Technically, the PI token rally is at risk of reversing from the 50-day EMA after the mandatory node upgrade passed on Sunday. Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP consolidate within key ranges as selling pressure easesBitcoin price has been consolidating between $65,729 and $71,746 since February 7. As of Monday, BTC is trading in the $68,376 range. If BTC breaks above the upper consolidation range at $71,746, it could extend the recovery toward the daily resistance at $73,072. The Relative Strength Index on the daily chart reads 35, rebounding from oversold levels, signaling an easing of bearish momentum. The Moving Average Convergence Divergence showed a bullish crossover on Sunday, further supporting the recovery thesis.Top Crypto Losers: Dogecoin, Zcash, Bonk – Meme and Privacy coins under pressureDogecoin is trading above the $0.1000 psychological level at the time of writing on Monday, sustaining its position above this level after a 7% drop on Sunday. The 50-day Exponential Moving Average capped the gains on the previous day, while its downward slope reaffirms the prevailing bearish bias. The path of least resistance targets the October 10 low at $0.0950, followed by a deeper zone at the February 6 low of $0.0800.
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