Pi Network price forecasts: Divergence RSI shows a reversal of double-bottom patterns

Pi Network Open 276 Million Tokens and Momentum Price Strengthening Link Download Pi Network Application: https://minepi.com/ariwahyudi80 Free Tutorial Link Pi Network: https://www.youtube.com/playlist https://www.youtube.com/playlist Double-body token Pi from Pi Network rose slightly after an increase of 4.92% from Wednesday. The significant outflow of the CEX wallet balance shows an increase in withdrawal in the last 24 hours. Technical prospects show bullish bias when divergent RSI paired with potential double bottom patterns. Pi Network (PI) traded on $ 0.3653 when this news was written on Thursday, withdrawing from the highest $ 0.3747. The technical indicators and stock exchanges show bullish bias, with RSI divergence, double bottom pattern, and sharp outflows from the Centralized Exchanges (CEX) wallet balance, showing an increase in demand. PI's request jumped ahead of Hackathon 2025. Piscan data showed that the CEX wallet balance recorded an outflow of 5.14 million token PI in the last 24 hours, lowering the backup to 409.55 million token. This large withdrawal includes a decline of 1.24% in the CEX balance, showing a surge in demand among investors, possibly triggered by the start of Pi Hackathon 2025, the first hackathon of the ecosystem after the launch of the Open Network. Pi Network is targeting the penetration of the Rising Channel Token PI pattern from PI Network slightly rose by almost 1.50% at the time of this news written on Thursday, continuing the 4.92% increase from Wednesday. The reversal of the support level of $ 0.3442 indicated that the reversal of the double bottom pattern, which was previously tested on August 6, targets the 50-day Exponential Moving Average (EMA) at $ 0.4319. The average line that decreases parallel to the resistance trend line of the falling channel pattern, as marked in the daily graph (distributed below). A firm closure above this level can strengthen the potential of bullish trends, targeting a psychological level of $ 0.5000. Relative Strength Index (RSI) reads 42 on a daily graph, approaching the center line when the purchase pressure recovers. In addition, the RSI has recovered significantly compared to the previous decline at the $ 0.3442 level, showing bullish divergence. However, the Moving Average Convergence Divergence (MACD) and the signal line have joined and moved sideways, signifying the loss of firm trend momentum. Conversely, the reversal below the support level of $ 0.3442 will cancel the double bottom reversal pattern, increasing the risk of the support level of $ 0.3220, which is parallel to the lowest level of all time. #picoin #pinwork #gcvpinwork