PI has seen a 2% price uptick, triggering a bullish crossover on the MACD indicator—the first since July 1. This technical setup occurs when the MACD line crosses above the signal line, often viewed as a shift toward bullish momentum. It suggests increasing buying interest as bears begin to lose control.
Though both MACD and signal lines are still below zero—a sign of the meme coin’s prolonged downtrend—the crossover indicates a possible change in sentiment. For traders, this move is often interpreted as a buy signal, hinting at a short-term price rebound if bullish momentum continues to build.
Though both MACD and signal lines are still below zero—a sign of the meme coin’s prolonged downtrend—the crossover indicates a possible change in sentiment. For traders, this move is often interpreted as a buy signal, hinting at a short-term price rebound if bullish momentum continues to build.
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Full story here beincrypto.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.