PinLink (PIN) has seen a significant surge in price, climbing by 15% over the past 24 hours and approaching a market cap of $90 million. Technical signals are mixed, with the RSI cooling off from nearly overbought levels and the ADX indicating that the uptrend remains strong but may be leveling out.

Recently, there has been a golden cross in the EMA lines, suggesting that if the bullish momentum continues, PIN could test resistance at $1.17 and potentially reach $1.41 or even $2 with the resurgence of AI, DePIN, and RWA narratives. However, a weakening uptrend could see PIN revisiting support at $0.70, with a possible further correction down to $0.51.

PinLink describes itself as the first RWA-tokenized DePIN marketplace, aiming to reduce costs for AI developers and offer new revenue opportunities for DePIN asset owners. By integrating real-world assets with decentralized physical infrastructure networks, PinLink provides a platform for developers to access AI resources more affordably while allowing asset owners to monetize their infrastructure.

Presently, PIN’s RSI stands at 58.6, showing a significant increase from 24.4 four days ago. Despite briefly touching 69.98 recently, the RSI now suggests that buying pressure is stabilizing after a period of strong demand.

The ADX for PinLink is currently at 29.3, indicating a strong uptrend that may be easing slightly. While a rising ADX typically signifies strengthening trend momentum, a slight decline from recent highs suggests a potential stabilization in trend strength.

In terms of price prediction, the formation of a golden cross in the EMA lines indicates a bullish signal for PIN. If the current momentum is sustained, PIN could target resistance at $1.17, with the possibility of surpassing $2 if key narratives gain momentum again. Conversely, failure to maintain the bullish trend could see PIN retesting support levels at $0.70, potentially leading to a deeper correction towards $0.51.