Pi Network (PI) increased by 86 % during the past week, circulating at $ 1.09 and showed strong capabilities to recover after April lower than being.
This height is placed on Altcoin to restore losses from March, as the critical support level exceeds $ 1.00. This last gathering caught the attention of investors, prompting optimism about its future prices.
PI network has a field of growth
The RSI (RSI) index of the PI network has risen over the 70.0 threshold, which enters the peak area. This indicates that the upper momentum is saturated, which historically indicates a possible reflection.
Excessive conditions of their peak lead to market corrections as the feverish market cools and investors tend to reserve profits. However, it is important to note that some assets remain in the peak of purchase for long periods without decrease. If PI faces similar conditions, this may be safe from sharp -price clouds.
Looking at the wider momentum, the Chaikin Money Flow (CMF) of the PI network is much higher than the zero line, indicating strong flows. Although CMF has recently shown a decrease, this is not expected to continue for a long time, especially given the strength of the market.
Although short -term fluctuations may occur, the total morale in the market, which is enhanced by the positive CMF reading, indicates that the bullish momentum of the PI is still intact. This can maintain its upward movement, provided that the wider market conditions continue to prefer encryption assets.
PI Price displays strength
The price of Pi Network is currently $ 1.09, an increase of 86 % over the past seven days, with strong support at the level of $ 1.00. This psychological support point is very important to perform the future Altcoin.
While indicators offer mixed signals, the probability of a decrease in PI less than $ 1.00 looks low. If you can stick to this level, the PI network may continue its upward momentum towards a goal of $ 1.34, with a goal of $ 1.64. This is only possible if the current ups of the coming days continue.
However, if the PI network faces large sale of investors, Altcoin may lose its support of $ 1.00. The decrease without this critical level will pay the PI about $ 0.87 or $ 0.78, which will nullify the ups and signal expectations and indicate a possible contraction for Altcoin.
Disintegration
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