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Markets

Is the PI (PI) about to collapse or collapse?

  • The ceiling of the Crypto Global market increased by 5.03 % to $ 2.79T, but the PI decreased by 1.75 %.
  • CMF at 0.04 shows twice the demand. A height above 0.10 can confirm a stronger purchase pressure.

The roof of the Crypto Global Market is $ 2.79 trillion, which represents an increase of 5.03 % over the past 24 hours. While most cryptocurrencies commerce In green, the PI network shows the landfill.

Currently, the PI price is $ 2.05, which reflects a 1.75 % decrease last day. The market value is still 13.84 billion dollars, with no change, while trading volume decreased 24 hours by 27.83 % to $ 1.28 billion. The maximum market rate is 8.99 %, indicating moderate liquidity.

Is the PI network at a decisive level?

The instant resistance level is $ 2.10. If the price exceeds this level, the PI momentum may pay about $ 2.15 or even $ 2.20. On the negative side, it works 2.00 dollars as strong support. If the bears control and break this level, PI can test $ 1.95 or less.

The Relative Power Index (RSI 14) in 39.38, indicating that PI approaches the conditions of sale. The average indicators of the Islamic conference RSI are 45.19, which confirms that the price is struggling to gain strength.

If RSI moves above 50, it may indicate a possible reflection. The short -term moving average is less than the long -term moving average, which confirms a downward intersection. This indicates the pressure of continuous sale. If the PI can restore the levels of the moving average, it may restore the bullish momentum.

CMF (20) at 0.04, indicating the light purchase interest. However, the value is very low to confirm a strong accumulation. If CMF rises above 0.10, this may indicate a stronger purchase pressure.

In order to turn the PI to climb, it must break $ 2.10 with a large size. If this happens, the price may move about $ 2.15 or even $ 2.20. However, if it is less than $ 2.00, it may decrease to $ 1.95 or less.

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