Summary
- Pi Network's daily trading volume has surpassed $3 billion, showing a strong upward trend.
- The Average Directional Index (ADX) has exceeded 40, indicating a strong trend.
- However, the Bollinger Bands show an overbought condition, suggesting investors should exercise caution.
Pi Network (PI) is showing an upward trend during trading hours.
As of 1:05 PM on the 27th, Pi Network is trading at $2.93 on OKX, up 76.53% from the previous day. With the surge in price, Pi Network's 24-hour trading volume has also soared to $3 billion.
Pi Network's Directional Movement Index (DMI) indicates a strong upward trend. The Average Directional Index (ADX) has jumped from 12.3 the previous day to 57.7. Generally, when this indicator exceeds 40, it can be analyzed as showing a strong trend. Cryptocurrency media BeInCrypto explained, "From a technical perspective, if Pi Network can maintain these indicators, additional price increases may occur."
However, caution is advised as the Bollinger Bands indicate an overbought condition for Pi Network. Pi Network's Bollinger Band Trend (BBTrend) has plummeted to -11, signaling that Pi Network is in an overbought state.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
