Pi Network Hits All-Time High as Trading Volume Surges | Airdrop Alert Pro

PI Network (PI) has soared more than 70% in the past 24 hours, pushing its market cap to $16 billion and its number in the past 24 hours is more than $2.3 billion.

Despite hitting an all-time high of $3, this technological division suggests that PI’s path forward is a volatile one. Traders are paying close attention as the token navigates between bullish momentum, which could push it to $4 and warn signs that could trigger a pullback to support levels as low as $1.7 or even $0.79.

PI network DMI display upward trend is very strong

The Directional Motion Index (DMI) of the PI network showed significant momentum, with its average Directional Index (ADX) rising to 57.7 only 12.3 times a day.

this ADX is a key technical indicator This measures the strength of the trend, regardless of its direction. Readings below generally indicate a weak trend, 20-40 indicates a moderate trend, and values ​​above 40 indicate a strong trend.

This dramatic increase Pi’s ADX ranges from weak to very strong areas that show a lot of strength In the power of basic trends.

The positive direction indicator (+DI) of PI climbed sharply to 40.9 from 14.6 two days ago, while its negative direction indicator (-DI) fell from 19.4 to 1.1 in the same period.

When +di is significantly higher than -DI, ​​like the current PI, it confirms a strong bullish trend. The combination of high ADX values ​​and wide distribution between +di and -di indicates PI networks are experiencing a particularly strong upward trend Minimum sales pressure.

If these technical signals maintain their current configuration, you can indicate that the continued Upward price movement of PI In the short term, the market appears to be under strong buying control, with the least resistance.

Despite the price increase, Pi Bbtrend is negative

Despite the continued price increase, PI’s Bollinger Bands Trend Index (BBTREND) has been falling to -11, marking a sharp drop in readings for readers who hovered between 1 and 3 yesterday.

The BBTREND indicator is a specialized technical tool that measures price movement based on the Bollinger belt. It essentially quantifies the trends in prices in these volatility-based channels.

Positive readings indicate upward movement relative to the band’s price, while negative values ​​indicate downward movement or toward the middle band.

This sharp decline to -11 in PI’s BBTREND may indicate that the current uptrend is significantly overscaling and may be susceptible to the correction or integration phase.

When BBTrend is especially negative after the price rises, it usually indicates that the asset is moving too fast and is now trading at levels that may not be sustainable in the short term.

This technical warning signal indicates PI may experience callbacks Toward the middle of the Bollinger, the period of consolidation, or at least slow down with its upward momentum.

Can PI networks reach $4 in March?

PI network prices reach a new climax Just a few hours ago, it was close to $3 for the first time.

With this strong upward momentum, PI may continue to riseBreak the $3 psychological barrier in the short term and test higher resistance levels at $3.5 or even $4.

This impressive rally shows that if positive sentiment continues, market interest and buying pressures can maintain further upside potential.

However, as negative readings negative readings suggest, the assembly may be overscaling and at risk of reversal. Should the declined technical signal constitute a price action? PI can make substantial correctionsinitially dropped for $1.7 to test support.

If this level fails to maintain, it will drop further to $1.42 as sales pressures intensify.

With a strong downtrend lower, the price of PI may experience a more dramatic pullback to $0.79, which will represent its lowest level in five days and a significant backtrack from the current high.