Pi has gone up by practically 1% and it’s at present defying the market’s total downturn after the token was built-in with the official crypto pockets of the moment messaging platform Telegram.
This could possibly be a pivotal second for this blockchain undertaking as PI will now be simply accessible to Telegram’s 1 billion month-to-month energetic customers (MAUs).
The Pi group expects that, as soon as the market regains its power, this announcement might assist reverse the downtrend that PI has skilled since its mainnet turned publicly accessible in February this 12 months.
Nonetheless, high crypto exchanges like Binance, Bybit, and Coinbase have refused to checklist the token as Pi has did not move their necessities for layer-one blockchains.
Because the public mainnet went reside, the market worth of the undertaking has dropped by two-thirds from its peak of round $18 billion. Nonetheless, Pi remains to be the twenty fourth largest cryptocurrency with a market capitalization of $5.6 billion.
PI Stalls as Telegram Assist Information Fails to Excite the Market
The hourly chart reveals that Pi sellers took a breather yesterday and managed to push the worth above its higher pattern line. Nonetheless, the market shortly rejected that transfer as soon as it hit the $0.90 stage and it has already dropped by practically 8% from that stage.
The Relative Power Index (RSI) at present sits beneath the sign line, indicating that bears nonetheless have the higher hand regardless of a latest uptick in Pi’s value. Moreover, the worth has fashioned a decrease excessive on the 23.6% Fibonacci retracement stage, suggesting the latest rally could also be shedding steam and that one other drop could possibly be on the horizon.
Nonetheless, the MACD tells a special story—adverse momentum has been steadily fading, hinting {that a} potential shift in sentiment could also be underway. Given these conflicting indicators, merchants might want to look forward to a clearer sign earlier than confirming whether or not Pi’s value will proceed larger or resume its downtrend.
The important thing resistance to look at stays at $0.87; a decisive break above this stage would recommend a continuation of the uptrend. Conversely, a drop beneath $0.81 would affirm a bearish reversal and will open the door for a retest of $0.70 within the close to time period.
Whereas Pi’s post-launch value motion has been underwhelming, early traction from MIND of Pepe (MIND) throughout its presale suggests robust upside potential for the AI agent coin as soon as it hits exchanges.
MIND of Pepe (MIND) Raises $7.7M to Launch its Highly effective AI Agent
Only a month and a half after its presale occasion kicked off, MIND of Pepe (MIND) has managed to boost greater than $7.7 million for its AI agent.
By leveraging the ability of synthetic intelligence and the recognition of the Pepe the Frog meme, this AI agent will take over social media platforms like X by storm.
MIND of Pepe is designed to have interaction in significant conversations with high-profile X accounts to debate subjects related to meme cash and the crypto market.
All through these interactions. MIND of Pepe will acquire insightful info that it’ll move on to token holders to allow them to higher navigate these difficult market circumstances and revenue from essentially the most interesting alternatives within the meme coin house.
To put money into $MIND, merely head to the MIND of Pepe web site and join your pockets (e.g. Finest Pockets). You may both swap USDT or ETH for this token or use a financial institution card to make your funding.
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