The PI (PI) has decreased by more than 8.5 % in the past seven days. It has been traded to less than $ 0.65 for six consecutive days, but it decreased to less than $ 0.60 today. The trend is still weak, as the price movement was suspended under the Ichimoku cloud.
RSI went on Altcoin shortly over 50 but returned to 45, and showed dull ascension. Emas is still down. It hovers above the main support, and the next step has been decided between a deeper drop and a potential recovery.
The PI faces the downward pressure below the Ichimoku cloud
The PI network is still trading without the Ichimoku cloud, which indicates a generally declining market structure. However, there may be a potential transformation, as it was recently via the blue transformation line (the transfer line) above the red kijun-Sen (the foundation line).
This intersection is often seen as an early upward signal, especially if it is confirmed by high volume or moving to the cloud.
Nevertheless, the future cloud remains red, indicating the continuation of the resistance forward and indicates that the broader trend is still under pressure.
Chikou Span (the delay line) is still lower than both the price and the cloud candles. This means that no step has been confirmed in the upward direction.
In order to reflect the real direction, you must cut PI to the cloud and above it. The future cloud should also turn green, align all Ichimoku signals.
Currently, the frequency setting appears. There is a bullish intersection in the short term, but the price is still under the cloud, and the broader trend is still landmark.
Pi momentum slows down RSI less than 50
The PI network is currently located at 45.41, and diluted after a sharp gathering from 28.49 to 54.40 just two days ago. This indicates a slowdown in the momentum after a short period of recovery.
The withdrawal from above 50 indicates that the purchase pressure is weaker, and that the PI enters a more neutral area, as the bulls or bears do not fully control.
The quick reflection also reflects uncertainty in the current price.
The RSI is a momentum oscillator of 0 to 100, and is usually used to determine the conditions that excessive or sell.
The above readings indicate that the original may be above the peak and the cause of correction, while readings that are less than 30 conditions indicate excessive work and the possibility of reversion. The values are between 30 and 70 neutrals, with 50 main pivotal points.
The current RSI RSI decreases at 45.41 of that threshold, hinting to a slight drop unless the scale is up to the top. If the RSI continues to decrease, this may reflect the increase in sale pressure and the risk of poor price.
PI hovering near the main support with Handish Emas
PI PRICE is trading higher than the main support at $ 0.59, with a declining pressure.
If this level is tested and broken, the following important support is located at $ 0.547 and $ 0.40, which may offer a distinctive symbol for deeper correction.
Emas moving averages (EMAS) remains in a declining alignment, with EMAS mode in the short term below that long -term. This structure usually indicates that the broader trend is still a decline.
However, if the trend is reflected and the buyers enter, the PI can go up to test the resistance at $ 0.648, followed by $ 0.682.
The collapse above – especially if it is supported by the size and the ups of the ups of the ups of the ups – can pay the price about $ 0.789, indicating a shift towards a more sustainable upward trend.
Disintegration
In line with the guidance of the confidence project, this price analysis article is for media purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always perform your research and consult with a professional before making any financial decisions. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
