Three major technical signals are firing! Will Pi Network's price see its biggest pump of the year? $0.43 becomes the key.

Pi Network (PI) has accumulated a nearly 15% increase over the past week, marking its strongest weekly performance in over a month. Recently, three bullish technical signals have appeared simultaneously: the Average Directional Index (ADX) continues to rise, the daily chart RSI shows a bullish divergence, and a golden cross is approaching on the 4-hour chart. Technical analysis indicates that if the price breaks above $0.43, the Pi coin may usher in a new round of significant fluctuations; however, if it falls below $0.38, the short-term structure may turn bearish.

ADX Rising: Trend Momentum Continues to Strengthen

(Source: Trading View)

The Average Directional Index (ADX) is used to measure trend strength, not direction. Readings below 20 typically indicate a weak trend, while rising values represent increased momentum.

On July 31, the ADX of the PI coin was only about 13.3, indicating a lack of clear trends in the market at that time. However, as of now, this value has risen to 19.6, approaching a breakthrough of key ranges, meaning that buying pressure is accumulating and market trading volume is recovering.

If the ADX continues to rise, it will provide stronger support for the bulls and increase the probability of breaking through the resistance level of 0.43 dollars.

RSI bullish divergence: Buying pressure is secretly accumulating

(Source: Trading View)

The Relative Strength Index (RSI) assesses whether an asset is overbought or oversold through the speed and magnitude of price changes. When the price makes lower highs, but the RSI makes higher highs, it is called a "bullish divergence," which usually indicates that selling pressure is weakening and buyers are gradually taking control of the situation.

Taking Pi coin as an example, on July 22, the price was about 0.52 USD, and the RSI was 51; by August 10, the price fell back to 0.46 USD, but the RSI rose to 54. This divergence phenomenon of "price falling and RSI rising" indicates that the bearish momentum is fading, while the bullish side is brewing a counterattack.

4 Hour Chart Golden Cross: Bullish Structure Continues

(Source: Trading View)

On the 4-hour chart, Pi coin is operating in an ascending triangle formation, which is a typical bullish continuation pattern. The current price is still above the 20-period Exponential Moving Average (EMA) and the 100-period EMA, indicating a strong short to medium-term trend.

What is more noteworthy is that the 20-period EMA is approaching the 100-period EMA. Once the golden cross is formed, it often signifies the start of a new upward trend.

Key Price Levels and Risk Alerts

Upside breakout targets: If the price breaks through 0.41 USD and 0.43 USD, it may open up greater rebound space.

Support level: $0.39 is the first line of defense, followed by the 20-period and 100-period EMA.

Bearish reversal point: If it breaks below $0.38 (50 EMA), the short-term structure will turn bearish.

Conclusion

The three major technical signals are simultaneously bullish, bringing potential breakout opportunities for Pi coin. If ADX continues to rise, RSI divergence persists, and a golden cross is successfully formed, Pi coin is expected to welcome the largest pump of the year. However, the support level at $0.38 is crucial; once it is breached, the short-term bullish pattern will be broken. Investors should closely monitor critical price levels and changes in trading volume, and carefully formulate trading strategies. For more real-time market trends and in-depth analysis, please follow the official Gate platform.

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ResearchOnπMentalIssuesvip
· 15h ago
idiot
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