Pi Coin Shows Potential Trend Strength With Key EMA Cross and Resistance Levels in Focus
Main Idea
Pi Coin shows potential for a 40% price increase if it breaks key resistance levels, supported by technical indicators like EMA crossovers and ADX strength, alongside increased accessibility from a new fiat on-ramp.
Key Points
1. Pi Coin's ADX on the 4-hour chart indicates renewed trend strength, with levels above the mid-20s signaling potential upside.
2. A 20-period EMA crossover above the 50-period EMA aligns with Pi Coin's recent price surge from $0.45 to $0.52, but a crossover above the 100-period EMA is still pending.
3. Key resistance levels are identified at $0.46 to $0.49; a sustained break above this range could lead to a 40% rally toward $0.66.
4. Failure to maintain above $0.46, a drop in ADX below the mid-20s, or a failed EMA crossover could trigger a retracement toward $0.42.
5. The recent fiat on-ramp initiative enhances Pi Coin's accessibility, potentially increasing market participation and liquidity.
Description
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