Pi Network Price Soars 28% Following KYC Milestone That Enhances Investor Confidence
Price Surge: The Pi Network price has increased by 28.74% in the past week, driven by positive investor sentiment and significant progress in KYC verification and network migration.
KYC and Migration Updates: Over 3.36 million new users have completed KYC, with a total of 2.69 million accounts migrated, although the core team cautions that migration is not yet complete.
Community and Market Confidence: A strong majority of Pi investors (88%) are bullish, and derivatives data shows rising confidence, with increased open interest and a positive funding rate indicating more traders are taking long positions.
Future Potential and Risks: While the Pi Network faces challenges such as lack of listings on major exchanges and high token unlock rates, successful completion of migration and decentralization efforts could significantly boost its market position.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 | 0.0000059 | 0.00000889 | 0.0000115 | 0.0000144 | 0.000017 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000889 | 0.000011 | 0.0000123 | 0.0000144 | 0.0000166 | 0.0000179 | 0.00002 |
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