PI令牌[PI]已开始扭转其价格表上的下降趋势。

实际上，在过去的四天中，令牌上涨了20％。有趣的是，最近的交易量也攀升了。

Pi token [PI] has begun to turn around its downtrend on the price charts. In fact, over the last four days, the token has gained by 20%.

PI令牌[PI]已开始扭转其价格表上的下降趋势。实际上，在过去的四天中，令牌上涨了20％。

Interestingly though, the trading volume has also climbed lately. Here, it’s worth noting that it did not hold a candle to the volume seen a week ago, when PI clocked in a 114% rally in six days.

有趣的是，最近的交易量也攀升了。在这里，值得注意的是，它没有在一周前看到的蜡烛，当时PI在六天内进行了114％的集会。

The price action was in stark contrast to the technical analysis indicators, which pointed to a strong bearish momentum. Together, the indicators and the price action showed that the market structure was shifting bullishly.

价格动作与技术分析指标形成鲜明对比，这表明看跌势头强劲。指标和价格行动共同表明，市场结构在看涨。

Data from Coinalyze revealed that bullish conviction was not high in the short term. The price rose by 14% in the last 24 hours and the Open Interest climbed by 17%. This seemed to be a positive sign – Speculative traders might be willing to go long as the short-term performance turned bullish.

Coinalze的数据表明，在短期内，看涨的信念并不高。在过去的24小时内，价格上涨了14％，开放兴趣上涨了17％。这似乎是一个积极的信号 - 投机性交易员可能愿意长期以来的短期表现使看涨。

It was not intense, and the funding rate was just barely above zero. Together, the data showed that short-term expectations were bullish, but not overheated. These expectations might be aided by Bitcoin [BTC] seeking to set new all-time highs.

这并不强烈，资金率仅高于零。数据共同表明，短期期望是看好的，但没有过热。比特币[BTC]试图设定新的历史高点可能会有助于这些期望。

On the 1-day chart, PI has retraced below the 78.6% Fibonacci retracement level. These levels were plotted based on the rally to $1.6 earlier this month. This rally breached the $0.745-level – A local high from April. This shifted the market structure bullishly.

在为期1天的图表上，PI已回落到78.6％的斐波那契反回试水平。这些水平是根据本月早些时候的集会为1.6美元绘制的。这次集会违反了$ 0.745级的级别 - 从4月起的本地高点。这是看涨的市场结构。

The sudden rally and subsequent retracement meant that the 1-day timeframe did not show strong bullish momentum. The MACD was above the zero line, but the red histogram bars were a result of the quick retracement.

突然的集会和随后的回答意味着为期1天的时间表并未表现出强烈的看涨势头。 MACD高于零线，但是红色直方图杆是快速回撤的结果。

The inability of the bulls to defend the $0.8 retracement was a worry, but this worry was short-lived. At press time, PI was trading above the level once more, and could be set to rally higher.

公牛无法捍卫0.8美元的回扣令人担忧，但这种担忧是短暂的。发稿时，PI再次超过该水平，并且可以将其设置为更高。

The CMF was above +0.05 over the past ten days, and the A/D indicator has trended higher too. These were two signs of high buying pressure, a result of the trading volume surge on 11 and 12 May.

在过去的十天中，CMF高于+0.05，并且A/D指示器也趋势更高。这是5月11日和12日的交易量激增的结果，这是两个高购买压力的迹象。

Zooming in on the 4-hour chart, we can see that a local resistance zone was present at $0.9. It was a bearish order block on the H4 timeframe, highlighted in red.

在4小时图表上放大，我们可以看到当地电阻区的存在为0.9美元。这是H4时限上的看跌订单块，以红色突出显示。

The volume indicators, which had been firmly bullish on the 1-day timeframe, were neutral on the 4-hour chart. Neither the CMF nor the A/D line revealed heightened buying pressure. In fact, the MACD was yet to form a bullish crossover above the zero line.

在为期1天的时间范围内坚定看涨的音量指标在4小时的图表上是中立的。 CMF和A/D线都没有发现购买压力升高。实际上，MACD尚未在零线上形成一个看涨的跨界。

Therefore, unless we see a surge in demand in the short term, PI could struggle to rally past $0.9. On the other hand, a move beyond $0.9 and a hike in buying pressure could offer a buying opportunity.

因此，除非我们在短期内看到需求激增，否则PI可能会难以集会超过0.9美元。另一方面，超过$ 0.9的搬迁，购买压力的涨息可能会提供购买机会。