PIUSDT has been in free fall, losing 25% over the past month and hitting fresh all-time lows. As of now, the PIUSDT price is holding around $0.35, hovering just above its recent bottom at $0.32. Despite the pressure, there’s a flicker of optimism on the charts.The first encouraging sign comes from the Bull-Bear Power (BBP) indicator. This tool tracks the strength of bulls vs. bears by comparing price extremes with a moving average. Since August 1, BBP has been rising, flipping from a deeply negative zone to a softer print. That same behavior last occurred in mid-July, just before a bounce from $0.45 to $0.52. It’s not a confirmation, but it’s not nothing.
Backing this up is the RSI (Relative Strength Index), which has formed a hidden bullish divergence on the 4-hour chart. While the RSI dipped lower, price held a higher low; a classic setup that often appears right before continuation moves in an uptrend. RSI is still at 23, deep in oversold territory, but this divergence hints that sellers may be tiring.
There’s a sentiment twist too.
PIUSDT ’s social dominance, its share of overall crypto discussion, has jumped three sessions in a row. This mirrors the chatter spike seen before the last short-term rally, suggesting that market attention is returning at a potentially pivotal moment.Still, nothing breaks unless the price does.
PIUSDT must close above $0.36 to even test resistance at $0.39. These levels are drawn from the Fibonacci retracement anchored from $0.52 to $0.32. Only above $0.39 can bulls breathe easier. Below $0.32? That invalidates the whole setup and leaves the door open for lower lows.
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Truly Unbiased Cryptocurrency News 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.