Technical analysis by BeInCrypto about Symbol PI on 8/8/2025

PI is showing signs of bullish momentum on the daily chart as its Moving Average Convergence Divergence (MACD) indicator approaches a positive crossover. This setup occurs when the MACD line moves above the signal line, suggesting that short-term momentum is strengthening against the longer-term trend. A positive MACD crossover is widely viewed as a buy signal, indicating a potential shift from selling pressure to buying strength. For PI, this development points to rising investor interest, which could drive prices higher in the near term if the momentum sustains.