Here is an analysis of the Pi Network (PI/USDT) 1-hour charts💪💪
First Chart Analysis (Linear Regression & VWAP)
Price Action:
The price is currently consolidating near 1.95083 USDT.There was a strong bullish movement earlier, but the price is now moving sideways.
Trend Lines & Channels:
The Linear Regression Channel indicates an upward trend.The price is near the middle of the channel, meaning it has room to move either up or down.Support levels appear around 1.90 USDT, with resistance at 2.05 USDT.
VWAP Levels:
VWAP (Volume Weighted Average Price) is around 1.96 USDT.The price is trading close to this level, indicating equilibrium between buyers and sellers.
Second Chart Analysis (Supertrend & SAR)
Supertrend Indicator:
A Buy Signal was triggered earlier when the price was around 1.75 USDT.The Supertrend is currently green, confirming an uptrend.The next resistance zone is around 2.00-2.05 USDT.
Parabolic SAR:
The SAR dots are below the price, indicating bullish momentum.If the price drops below 1.90 USDT, SAR could flip, signaling a possible trend reversal.
Overall Conclusion
Short-Term Trend: Bullish, but facing resistance at 2.00-2.05 USDT.Support Levels: 1.90 USDT (trendline support), 1.85 USDT (stronger support).Resistance Levels: 2.00-2.05 USDT (next breakout zone).Potential Trade Setup: If the price breaks above 2.00 USDT, expect further upside. A drop below 1.90 USDT may indicate a correction.