#PI#pep young people's Bitcoin

PI Token Price Forecast : Pi Network’s channel breakout remains trapped in a range : PI trades above $0.3500 at press time on Thursday, following three consecutive indecisive daily candles, which highlight the low volatility movement. The price action displays a range formed between the $0.4000 ceiling and the $0.321 support floor. Validating the consolidation, the converging Keltner channels shift from a downward trend, indicating lowered volatility. Furthermore, the Relative Strength Index (RSI) moves flat in the neutral zone at 49, which suggests a lack of momentum and indecisiveness among trades. Still, the Accumulation/Distribution Line (ADL) increases to -289.83 million from -345 million on Sunday, which indicates a reduction in selling pressure. Looking up, if PI sustains a daily close above the $0.4000 ceiling, it would mark an end to the streak of lower highs on the daily chart and the consolidation range breakout. More so, the mobile mining cryptocurrency could rebound to the $0.50196 level, last tested on July 22. However, a drop below $0.321 would invalidate the previous falling channel pattern breakout and result in a downside conclusion to the consolidation phase. This could extend the decline to the $0.3000 round figure. #PI# #Fed Cuts Rates By 25 Bps#

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