- summary:
- The price of PI Coin was supposed to rise steadily on PI, but instead he decreased by double numbers. Is it the beginning of the extended loss?
The price of Coin PI fell by more than 10 % on Friday, which is the day that is synonymous with its name “Pi Day”. The currency was traded at $ 1.48 at the time of writing, a 50 % decrease from the standard levels specified in late February. The decline on this important day in the evaluation of the currency is a difficult ruling on its performance and can raise the rhythm when it declines in the coming days.
The price of the coin PI sends mixed signals
However, despite its decrease, PI was among the best encrypted coins in a wider decrease in the market. The currency rises by more than 1,600 %, that is, less than a month since it is included. On the other hand, the cryptocurrency market witnessed a decrease in value by 700 billion dollars. This indicates the tendency of a stronger investor towards the PI network.
The main stumbling group is the next big step of the Pi Coin network in the later menu by the Binance, the largest central exchange in the world. The Binance Society voted with an overwhelming majority to support the PI list through the exchange last week, and achieving this result can help adjust the last upscale momentum.
Pi Coin trading the 24 -hour trading volume decreased by 6.5 % to this writing, indicating a decrease in the pressure pressure on investors after low prices. The same trend will provide support for the PI currency price to find traction.
Pi -currency predictions
The momentum indicates that PI prices indicate that the downside will likely continue without the axis mark at $ 1.60. With sellers control, the currency is likely to drop down and find the first support at $ 1.48. However, the strongest momentum will collapse without this level and test $ 1.45.
On the contrary, the momentum will move to the upward trend if the price exceeds $ 1.64. You will likely see the first resistance is $ 1.81. However, an extended control component by buyers will violate this level and nullify the narrative of the negative side. Also, it can remove the path for a $ 2.00 test.
