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BB BUY and hold big PUMP soon

The recent surge in PI's price has pushed it into extreme overbought territory, as indicated by key technical indicators. While bullish momentum remains strong, signs of a possible short-term pullback are emerging. Technical Indicators Overview The Relative Strength Index (RSI) currently sits at 90.88, signaling overbought conditions. Such a high RSI suggests that $PI may soon face a cooldown or consolidation phase before any further upward movement. Meanwhile, the MACD (Moving Average Convergence Divergence) remains bullish, with the MACD line (blue) positioned above the signal line and histogram bars increasing in size. This reinforces strong momentum, though traders should watch for any weakening signals. Another crucial factor is PI's breakout above the upper Bollinger Band (BB) resistance at $2.41). This sharp move reflects heightened volatility, often followed by a short-term correction before the next price expansion phase. Key Resistance and Support Levels If the price corrects, $1.85 and $1.29 will serve as key support levels where buyers might step in to absorb selling pressure. Conversely, should bullish momentum persist, overcoming the current zone could open the path for further gains. Conclusion $PI remains in a strong uptrend, but traders should remain cautious given its overheated RSI levels and proximity to major resistance. A healthy consolidation or pullback could provide better entry points before the next leg higher. $PI - Price Chart

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Our $LAYER price forecasts are generated through a meticulous analysis of multiple technical indicators, including the moving average convergence divergence (MACD), relative strength index (RSI), average true range (ATR), moving average (MA), and bollinger bands (BB) specific to the cryptocurrency in question. By implementing advanced machine learning algorithms to process and interpret this data, we strive to predict the potential trajectory of Solayer's price movements. Our methodology is further detailed on our website's methodology page, where you can find in-depth explanations of each indicator and how they contribute to our forecasting process.

This is my 4th idea looking at $SOL with Ethereum as a pattern, benchmark, or comparison.I used this pattern to identify downside targets and potential reversals, and now I am using it to call a local high. This is basic and fundamental charting. Both charts show a 5-impulse Elliott Wave to the upside. With such a clear pattern and impulsive move, we don’t see a continuation pattern yet. Solana does not show an ascending triangle, a cup and handle, or even a symmetrical triangle. Without a continuation pattern, we must suspect price will stall at a previous support. Seeing where price flips support to resistance and vice versa at key levels is one of the basics that can take years to master. That previous support is the bear trap that was created at the beginning of the bear market. We can see on the right where it played out with Ethereum, and I strongly suspect we are seeing the initial stages of that reversal in $SOL . Of course,there are some key differences in the two charts. We can see that when we look at other indicators.I don’t want this idea to become unmanageable,so I will just look at one of the basics: the Monthly Bollinger Band It is pretty clear that, looking at the Bollinger Band, it appears Solana did a much better job than Ethereum.$SOL has pushed its head above the monthly Bollinger Band to reach the previous bull trap, whereas Ethereum didn’t even reach the baseline. Either way, whether the price is out of the monthly Bollinger Band or near the midline with weekly bearish divergence at previous support, it still presents an interesting scenario. I do hope to see the lower limit of the monthly BB snug up and flatten off to indicate a local low is in when I see Solana double bottom.