PI

PI has staged a remarkable comeback after plunging to an all-time low of $0.40 on April 5. Amid a broader market recovery over the past week, the altcoin has seen a resurgence in demand, driving its price up 84% from its recent bottom.

The cryptocurrency market has shown signs of recovery in recent times, with some notable altcoins staging impressive comebacks. Among them, PI has been performing remarkably well, recovering from an all-time low of $0.40 on April 5.

The cryptocurrency market has shown signs of recovery in recent times, with some notable altcoins staging impressive comebacks. Among them, PI has been performing remarkably well, recovering from an all-time low of $0.40 on April 5.

Amid a broader market rebound over the past week, PI has seen a resurgence in demand, driving its price up 84% from its recent bottom.

Amid a broader market rebound over the past week, PI has seen a resurgence in demand, driving its price up 84% from its recent bottom.

As the bulls attempt to strengthen their control over the market, PI could extend its gains further in the short term.

As the bulls attempt to strengthen their control over the market, PI could extend its gains further in the short term.

PI’s recovery from the crash is also evident in its Moving Average Convergence Divergence (MACD) indicator, which has flashed a bullish signal. On the daily chart, the MACD line (blue) crossed above the signal line (orange) on April 5, indicating a positive shift in momentum.

This crossover occurred right after PI bottomed at $0.40, suggesting that the selling pressure has decreased, and the buyers are returning.

Additionally, the histogram bars, which reflect the strength of that momentum, have gradually increased in size over the past few days, highlighting the growing demand for PI.

When an asset’s MACD is set up this way—with the MACD line trading above the signal line and the histogram bars expanding—upward momentum is building, and buyers are gaining control.

When an asset’s MACD is set up this way—with the MACD line trading above the signal line and the histogram bars expanding—upward momentum is building, and buyers are gaining control.

PI’s MACD crossover is a bullish signal, suggesting the potential for continued price gains as buying pressure increases.

PI’s MACD crossover is a bullish signal, suggesting the potential for continued price gains as buying pressure increases.

Furthermore, PI’s positive Balance of Power (BoP) also indicates the growing demand for the altcoin. At press time, the indicator stands at 0.52.

The BoP indicator measures the strength of buyers versus sellers in the market, helping to identify momentum shifts. When its value is positive, buyers are dominating the market over sellers and driving newer price gains.

The BoP indicator measures the strength of buyers versus sellers in the market, helping to identify momentum shifts. When its value is positive, buyers are dominating the market over sellers and driving newer price gains.

If the bulls manage to sustain the uptrend, the next resistance level for PI is at $1, where it encountered strong selling pressure in early 2023.output: PI price has staged a remarkable comeback after plunging to an all-time low of $0.40 on April 5. In a broader market recovery over the past week, the altcoin has seen renewed demand, driving its price up 84% from its recent bottom.

As the bulls attempt to exert more control over the market, PI could extend its gains further in the short term.

As the bulls attempt to exert more control over the market, PI could extend its gains further in the short term.

PI’s Recovery From Crash Is Set Up By A Bullish MACD Signal

The crypto's Moving Average Convergence Divergence (MACD) indicator has flashed a bullish signal. On the daily chart, the MACD line (blue) crossed above the signal line (orange) on April 5, indicating a positive shift in momentum.

This crossover occurred right after PI bottomed at $0.40, suggesting that the selling pressure has decreased, and the buyers are returning.

Additionally, the histogram bars, which reflect the strength of that momentum, have gradually increased in size over the past few days, highlighting the growing demand for the altcoin.

When an asset’s MACD is set up this way—with the MACD line trading above the signal line and the histogram bars expanding—upward momentum is building, and buyers are gaining control.

When an asset’s MACD is set up this way—with the MACD line trading above the signal line and the histogram bars expanding—upward momentum is building, and buyers are gaining control.

PI’s MACD crossover is a bullish signal, suggesting the potential for continued price gains as buying pressure increases.

PI’s MACD crossover is a bullish signal, suggesting the potential for continued price gains as buying pressure increases.

Moreover, PI’s positive Balance of Power (BoP) also indicates the growing demand for the altcoin. At press time, the indicator stands at 0.52.

The BoP indicator measures the strength of buyers versus sellers in the market, helping to identify momentum shifts. When its value is positive, buyers are dominating the market over sellers and driving newer price gains.

The BoP indicator measures the strength of buyers versus sellers in the market, helping to identify momentum shifts. When its value is positive, buyers are dominating the market over sellers and driving newer price gains.

If the bulls manage to sustain the uptrend, the next resistance level for PI is at $1, where it encountered strong selling pressure in early 2023.