Pi Network Launches Community Commerce Initiative to Engage Users
- Community Commerce Initiative: Pi Network has launched a Community Commerce Initiative inviting users to enjoy discounts at apps and merchants accepting the PI token, aiming to enhance user engagement and increase token utilization.
- Holiday Activities: The team hosted a community raffle featuring Pi-branded merchandise like T-shirts and hats, designed to boost user activity and brand loyalty during the festive season.
- System Updates: Significant updates were made to the decentralized exchange (DEX) and Automated Market Maker (AMM), notably shifting liquidity pairs to be Pi-denominated, which aims to improve price stability and reduce liquidity fragmentation.
- Price Stability: The PI token has maintained stability around the $0.20 support level, with a recent minor increase of 1%, and investors withdrawing tokens from trading platforms may ease selling pressure, potentially paving the way for a price revival.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000588 | 0.00000888 | 0.0000114 | 0.0000144 | 0.000017 | 0.00002 | 0.0000225 |
| Fibonacci | 0.00000888 | 0.000011 | 0.0000123 | 0.0000144 | 0.0000165 | 0.0000179 | 0.00002 |
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