Pi Network Gains Momentum in Recovery
Pi Network (PI) rose 5% on Wednesday. This is the seventh day in a row it has moved up. The increase follows the recent mainnet migration. There are also rumors about possible ISO20022 certification. This could help Pi compete with Ripple and other cross-border payment tokens.
Pi Network aims to break above its 50-day Exponential Moving Average (EMA) at $0.2619. This level has stopped gains before. If PI closes above it, the price could rise toward $0.3220. After that, it may reach the 100-day EMA at $0.3384 and then $0.40.
The technical indicators support this view. The Relative Strength Index (RSI) is at 65, showing strong buying pressure. The Supertrend indicator gives a buy signal. The Moving Average Convergence Divergence (MACD) also points to rising upward momentum.
Key support levels are $0.25 and $0.1919, the low from October 11.
Aerodrome Finance Nears $1 Resistance
Aerodrome Finance (AERO) is up 1% on Wednesday. It gained 8% the day before. Animoca Brands bought all AERO tokens on Tuesday but staked them for veAERO.
AERO is close to breaking above the $1 level. This resistance also marks the top of a falling channel pattern on daily charts. A close above $1 would confirm a breakout. The next target could be the R1 Pivot Point at $1.2687.
Momentum indicators are turning positive. The MACD and signal line are moving up after Friday’s crossover. The RSI is 54 and rising, showing room to grow before overbought conditions.
Support levels if the price falls include the S1 and S2 Pivot Points at $0.8587 and $0.7043.
Official Trump Token Eyes Breakout
The Official Trump token (TRUMP) rose nearly 3% on Wednesday. It has gained for seven days in a row. The token is close to breaking a trendline resistance at $7.70. This line connects the May 22 and September 13 highs and forms a falling channel.
If TRUMP closes above $7.70, it may reach the R1 Pivot Point at $8.973. The MACD shows rising positive momentum. The RSI is steady at 61, indicating continued buying interest.
If the price fails to break the resistance, support lies at the S1 Pivot Point at $6.323.
