PI is showing signs of bullish momentum on the daily chart as its Moving Average Convergence Divergence (MACD) indicator approaches a positive crossover. This setup occurs when the MACD line moves above the signal line, suggesting that short-term momentum is strengthening against the longer-term trend.
A positive MACD crossover is widely viewed as a buy signal, indicating a potential shift from selling pressure to buying strength.
For PI, this development points to rising investor interest, which could drive prices higher in the near term if the momentum sustains.
A positive MACD crossover is widely viewed as a buy signal, indicating a potential shift from selling pressure to buying strength.
For PI, this development points to rising investor interest, which could drive prices higher in the near term if the momentum sustains.
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.
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.