Pi Network has witnessed a significant decrease, as the price was withdrawn from its highest level (ATH) of $ 3.00. Despite the broader stagnation in the market, investors feel optimistic, allowing PI to resist severe losses.
Trading is now near $ 1.60, Altcoin is placed in a possible opposite position, with the aim of restoring the lost land.
PI network aims to recover
The MACD is the MACD indication of a potential bullish cross for PI. If the MACD line crosses over the signal line, it will indicate the increasing bullish momentum. The shift in the graphic rods from red to green would emphasize the possibility of reflection of the direction.
The investor’s support plays a major role in maintaining this momentum. If the purchase pressure increases, the price of the PI network can enhance the bullish direction, which reduces the risk of negative additions.
Despite the signs of recovery, the RSI indicator remains less than the 50.0 neutral sign, indicating a declining feeling. So that RSI crosses the ups of the ups, the price of the PI network may remain slow and unconfirmed. The broader market environment continues to raise challenges on Altcoins.
A strong batch of investors may speed up momentum, but total expectations are still cautious. If the RSI remains a suppression, the PI recovery may be gradual, not immediate.
The price of PI can see the gains
Pi Coin maintains more than $ 1.59, in an attempt to apostasy to resist 2.00 dollars. Breaking this level is crucial to reflect modern losses. If PI can create support above $ 2.00, it may indicate the confidence of the renewed investor.
With the support of technical indicators and purchase momentum, insurance of $ 2.00 as support can open the path towards ATH from $ 3.00. A successful penetration may lead to the discovery of prices, allowing PI to set new levels. However, this depends on the broader market morale that remains stable.
On the downside, if the declining pressure dominates, the PI will lose its support of $ 1.59. Less decrease in this PI level can send about $ 1.43 or even $ 1.19, which nullifies the upscale thesis. This indicates a long correction, which delays any potential recovery.
Disintegration
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