Today, PI has been fluctuating within a narrow range, remaining around the $0.23 area. The market appears calm, with the price gradually cooling down after last week's surge in volatility. On the 1-hour chart, candles are gradually approaching the moving averages, indicating low momentum and indecision. Short-term indicators are mixed: RSI is near neutral, and MACD is almost flat—this suggests the market is waiting for a clear direction. If the closing price breaks above the recent high, it could open up room for a slight upward move, while losing the lower range may cause the price to fall back to the support level. On higher timeframes like 4-hour and 1-day charts, the trend remains soft but stable. There are no strong breakout signals yet, but the consolidation is getting tighter, which usually leads to larger volatility afterward. I will continue to monitor how the price reacts within this range. The current structure is slow and steady. #GateChristmasGiveaway
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#PI $PI
Today, PI has been fluctuating within a narrow range, remaining around the $0.23 area. The market appears calm, with the price gradually cooling down after last week's surge in volatility. On the 1-hour chart, candles are gradually approaching the moving averages, indicating low momentum and indecision.
Short-term indicators are mixed: RSI is near neutral, and MACD is almost flat—this suggests the market is waiting for a clear direction. If the closing price breaks above the recent high, it could open up room for a slight upward move, while losing the lower range may cause the price to fall back to the support level.
On higher timeframes like 4-hour and 1-day charts, the trend remains soft but stable. There are no strong breakout signals yet, but the consolidation is getting tighter, which usually leads to larger volatility afterward.
I will continue to monitor how the price reacts within this range. The current structure is slow and steady. #GateChristmasGiveaway