The PI spot market has struggled to show momentum since early September, a trend reflected in its Relative Strength Index (RSI). On the PI/USD daily chart, the RSI has remained flat.
The RSI measures overbought and oversold conditions on a scale of 0–100. Levels above 70 suggest overbought conditions and potential downside, while values below 30 point to oversold territory and possible recovery. With PI hovering near the midline, neither scenario is in play.
A flat RSI highlights a balance between buying and selling pressure, suggesting that neither bulls nor bears are in control. This equilibrium points to muted volatility. Unless momentum picks up, PI’s price is likely to stay constrained within its current narrow range.
The RSI measures overbought and oversold conditions on a scale of 0–100. Levels above 70 suggest overbought conditions and potential downside, while values below 30 point to oversold territory and possible recovery. With PI hovering near the midline, neither scenario is in play.
A flat RSI highlights a balance between buying and selling pressure, suggesting that neither bulls nor bears are in control. This equilibrium points to muted volatility. Unless momentum picks up, PI’s price is likely to stay constrained within its current narrow range.
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Truly Unbiased Cryptocurrency News beincrypto.com
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.