JamesNguyen
[Technical Analysis] PI/USDT – 1H Chart Update (May 16, 2025)
I'm currently tracking PI/USDT and evaluating the best move using Fibonacci retracement, Moving Averages, and Wyckoff principles. Here's the technical breakdown:
Market Trend:
Current price: $0.8591 USD
PI/USDT is showing a short-term bearish trend after failing to hold above $0.935.
MA5 and MA10 are flattening; MA30 is slightly downward, suggesting consolidation.
MACD is neutral to slightly bearish. Volume is decreasing → indicating indecision or lack of demand.
Fibonacci Key Levels (based on recent swing low $0.72 and high $1.02
I'm currently tracking PI/USDT and evaluating the best move using Fibonacci retracement, Moving Averages, and Wyckoff principles. Here's the technical breakdown:
Market Trend:
Current price: $0.8591 USD
PI/USDT is showing a short-term bearish trend after failing to hold above $0.935.
MA5 and MA10 are flattening; MA30 is slightly downward, suggesting consolidation.
MACD is neutral to slightly bearish. Volume is decreasing → indicating indecision or lack of demand.
Fibonacci Key Levels (based on recent swing low $0.72 and high $1.02
PI-0,48%
