Will Pi Coin’s Bullish Crossover Save It From Eternal Doom? 🤔

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Ah, the tragic tale of Pi Coin-falling like a feather in a hurricane for the past year, shedding almost 60% of its value. And just when you thought it couldn’t get worse, it lost another 5% last week. But today, oh today, it decided to take a break from its downward spiral and simply… stand still. Groundbreaking, isn’t it?

Yes, dear reader, the PI token clung stubbornly near $0.36, defying its usual habit of hemorrhaging value like a leaky faucet. A short-term bullish crossover, that rarest of miracles, gave it a lifeline, pushing prices up ever so slightly. But let’s not throw confetti just yet-deeper trends whisper secrets that may spoil the party. 🎉📉

1-Hour Crossover: The Tiny Lifesaver

Behold! On the 1-hour chart, the 20 EMA (Exponential Moving Average) gallantly climbed above the 50 EMA, sparking a modest rally to $0.37. For Pi Coin, this is akin to stumbling upon an oasis in the Sahara. An Exponential Moving Average, you ask? Ah, it’s merely a fancy way of saying “we care more about recent moves than ancient history.” A bullish crossover, then, is like spotting a unicorn-it hints at buyer strength, albeit briefly.

This isn’t the first time such a miracle has occurred. On August 20, a similar crossover lifted PI from $0.35 to $0.37, only for prices to slink back down like a guilty dog. So while today’s move is admirable, one must wonder: will it last, or is this merely a fleeting romance? 💔

That’s why we must dig deeper, my curious friend. Let us peer into the abyss of longer timeframes, where truths are less forgiving.

For token TA and market updates: Craving more drama like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Trust me, it’s worth it. 📰

Longer Timeframe Chart: The Plot Thickens

On the 12-hour chart, Pi Coin reveals its true colors-or lack thereof. On August 20, PI flirted with $0.3739, and on August 22, it peaked at $0.3712. Lower highs, you see. Yet, lo and behold, the RSI (Relative Strength Index) painted a different picture, making higher highs. A bullish divergence! Sellers pushed, buyers resisted, and somewhere in the chaos, hope flickered like a candle in the wind. 🕯️

For Pi Coin, this is as shocking as finding a decent cup of coffee in a gas station. The token has spent most of the year plumbing new depths, so this divergence might be the glimmer of light we’ve been waiting for. Perhaps the 1-hour crossover wasn’t just a fluke after all. Stranger things have happened. 👀

The RSI, for those uninitiated, measures momentum on a scale of 0 to 100. A bullish divergence occurs when prices make lower highs but the RSI makes higher highs-a subtle signal that buyers might be plotting their revenge. Revenge, I tell you!

Key Pi Coin Price Levels: The Final Test

Now, let’s talk numbers, shall we? For the bullish case to hold water, PI must conquer $0.37, then $0.38, and finally breach $0.40 on the 12-hour chart. Only then can we declare victory over the bears. Until then, it’s all speculation and wishful thinking. 🐻⚔️🐂

But wait, there’s more! Bearish momentum weakened after August 20, and sellers seemed to lose their appetite. Could it be the launch of the PI/USDC pair on OKX that gave buyers a reason to cheer? Perhaps. But if the price slips below $0.33, the entire setup crumbles like a house of cards. And we all know what happens next-new lows, despair, and possibly tears. 😭

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2025-08-22 14:50