Pi Coin (PI) Price Prediction & Analysis for July 12
Main Idea
Pi Coin (PI) is showing bullish signals with a price recovery above $0.50, driven by technical indicators and a breakout from a descending wedge structure.
Key Points
1. Pi Coin price is trading at $0.5025, up 1.2% in 24 hours, after reclaiming key support levels.
2. A breakout from a descending wedge structure on the 4-hour chart has flipped the Supertrend bullish, signaling a shift in short-term sentiment.
3. Technical indicators like DMI, Supertrend, Parabolic SAR, and momentum oscillators (CMO, TSI) support the bullish trend.
4. Key resistance levels are at $0.5130 (Fib 0.382), $0.5566 (Fib 0.5), and $0.5827 (Fib 0.618), while support lies at $0.4870 and $0.4460.
5. Volatility is expanding, and a rejection below $0.5130 could push the price back to $0.4870–$0.4750 in the short term.
Description
The Pi Coin price is making a fresh push above the $0.50 level after consolidating below key support zones for nearly three weeks. As of July 11, Pi Coin price today is trading at $0.5025, up nearly 1.2% over the past 24 hours. This recovery comes after reclaiming the lower boundary of the June-July descending channel, backed by rising momentum across intraday charts. What’s Happening With Pi Coin’s Price? Pi Network price dynamics (Source: TradingView) On the 4-hour chart, Pi Coin price action ...
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