Pi Community (PI) trades above $0.1700 on the time of writing on Monday, testing the 50-day Exponential Transferring Common (EMA) at $0.1767. During the last 24 hours, roughly 2.90 million PI tokens have been deposited onto Centralized Exchanges (CEXs), suggesting profit-taking by buyers following the current restoration. Technically, the PI token rally is susceptible to reversing from the 50-day EMA after the necessary node improve handed on Sunday.
Bitcoin price has been consolidating between $65,729 and $71,746 since February 7. As of Monday, BTC is buying and selling within the $68,376 vary. If BTC breaks above the higher consolidation vary at $71,746, it might lengthen the restoration towards the day by day resistance at $73,072. The Relative Energy Index (RSI) on the day by day chart reads 35, rebounding from oversold ranges, signaling an easing of bearish momentum. The Transferring Common Convergence Divergence (MACD) confirmed a bullish crossover on Sunday, additional supporting the restoration thesis.
Dogecoin is buying and selling above the $0.1000 psychological stage on the time of writing on Monday, sustaining its place above this stage after a 7% drop on Sunday. The 50-day Exponential Transferring Common (EMA) capped the positive aspects on the day prior to this, whereas its downward slope reaffirms the prevailing bearish bias. The trail of least resistance targets the October 10 low at $0.0950, adopted by a deeper zone on the February 6 low of $0.0800.
