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PinLink (PIN) Price Surges 15% And Nears A $90 Million Market Cap

Press Releases Crypto News BeInCrypto PinLink (PIN) Price Surges 15% And Nears A $90 Million Market Cap

PinLink (PIN) price has been gaining momentum, surging 15% in the last 24 hours as it nears a $90 million market cap. Technical indicators show mixed signals, with the RSI cooling down from near-overbought levels while the ADX suggests the uptrend is still strong but possibly stabilizing.

A recent golden cross in the EMA lines indicates that if bullish momentum continues, PIN could test resistance at $1.17 and potentially push toward $1.41 or even $2 if AI, DePIN, and RWA narratives regain traction. However, if the uptrend loses strength, PIN could retest support at $0.70, with a deeper correction down to $0.51 still on the table.

PinLink RSI Is Still Neutral After Almost Touching Overbought Zone

PinLink defines itself as the first RWA-tokenized DePIN marketplace. It aims to reduce costs for artificial intelligence developers while enabling new revenue streams for DePIN asset owners.

By integrating real-world assets (RWA) with decentralized physical infrastructure networks (DePIN), PinLink aims to provide an efficient marketplace for developers to access AI-related resources at lower costs.

At the same time, asset owners can monetize their infrastructure, creating a more decentralized and cost-effective ecosystem.

PIN RSI. Source: TradingView.

Currently, PIN’s RSI is at 58.6 after briefly touching 69.98 a few hours ago, surging from just 24.4 four days ago. The Relative Strength Index (RSI) is a momentum indicator that measures whether an asset is overbought or oversold, ranging from 0 to 100.

Readings above 70 suggest overbought conditions and a potential pullback, while values below 30 indicate oversold conditions and the possibility of a rebound.

With PIN’s RSI rising sharply in a short period but now cooling down from overbought territory, it suggests that buying pressure has been strong but i

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Author: Tiago Amaral

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