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PI Price Forecast :Selling pressure declines as PI extends consolidation :
Pi Network above $0.3500 in a larger consolidation range between the $0.32100 support floor and the $0.4000 ceiling. A potential close above the $0.4000 could extend the rally to the $0.50196 level, marked by the June 22 close.
The momentum indicators on the daily chart remain unchanged as the Keltner channels sustain a sideways move, indicating lowered volatility. At the same time, the Relative Strength Index (RSI) remains flat at 49-50, suggesting that trend momentum is dampened.
Still, the Accumulation/Distribution line at -283 million, up slightly from -289 million on Thursday, indicates a decline in selling pressure.
#PI#
#Fed Cuts Rates By 25 Bps#
๐ค๐ค๐คญ๐คญ๐คญ