๐ฅ Gate Square Event: #PTB Creative Contest# ๐ฅ
Post original content related to PTB, CandyDrop #77, or Launchpool on Gate Square for a chance to share 5,000 PTB rewards!
CandyDrop x PTB ๐ https://www.gate.com/zh/announcements/article/46922
PTB Launchpool is live ๐ https://www.gate.com/zh/announcements/article/46934
๐
Event Period: Sep 10, 2025 04:00 UTC โ Sep 14, 2025 16:00 UTC
๐ How to Participate:
Post original content related to PTB, CandyDrop, or Launchpool
Minimum 80 words
Add hashtag: #PTB Creative Contest#
Include CandyDrop or Launchpool participation screenshot
๐ Rewards:
๐ฅ 1st
PI struggles with a falling channel pattern breakout:
Pi Networkโs short-lived recovery run in the last week peaked at $0.4000 round figure on Saturday. The PI token reversed by 8% on Sunday, further extending the downtrend by 3% so far on Monday.
The downtrend inches closer to its all-time low of $0.3220, set on August 1, with bears targeting the $0.3000 round figure.
Adding to the bearish outlook, the momentum indicators suggest increased selling pressure on the daily chart. The Relative Strength Index (RSI) at 43 drops below the halfway line, indicating a steady rise in bearishness.
Additionally, the Moving Average Convergence Divergence (MACD) inches closer to its signal line as bullish momentum declines, hinting at a potential crossover. A crossover would signal a selling opportunity for sidelined investors.
Looking up, Pi Network should reclaim the 50-day Exponential Moving Average (EMA) at $0.4047, which is moving closely with the falling channel patternโs overhead trendline. If so, the uptrend could target the $0.5000 psychological level.
#PI#
โ #TopContentChallenge#