Pi Coin returned to merchant radars, but not because of any emerging follow -up. After a short -term increase before the Pi2day bang, the distinctive symbol decreased to a decline that now hovers near $ 0.5133 as the momentum cools and the noise fades.
This is far from the levels near $ 1, the speculators were whisper about two weeks ago.
Post -pi2day waste: noise for reality
Traders had hung up in Pi2day, the annual community event on June 28. But while the user’s participation in social meetings increased, the procedures told a different story price. Instead of raising the outbreak, the PI currency reached its climax near $ 0.63, then it was quickly recovered with drying the size.
No new Mainnet ads. There are no new exchange lists. This silence hit more than any sale.
Pi Coin Chart Analysis: 0.50 dollars is now the battlefield
The graph draws a clear picture of the dull momentum:
- Resistance: $ 0.60, $ 0.72
- Support: $ 0.50
- MACD: It is heading sideways with a declining bias
Bulls need to defend a $ 0.50 area. It may offer a clean break below to 0.43 dollars, as another event bounces in mid -June. If this is cracking, the PI risk sliding again to the recession after April near $ 0.38.
Expectations: speculation is not an incentive
Currently, the Pi Coin narration progresses on the basics. Yes, society is enormous. Yes, there is a talk about Mainnet completely open. But as long as the PI remained in a closed house and lacks a real symbolic symbol frame, the gatherings will remain short -term.
Merchants watch the following two things:
- Any sign of Mainnet News, perfectly with real DEFI use cases
- Whether PI can recover $ 0.60, this is the operator who may pull comfortable capital again
Until then, expect more seal. The market loses its patience, and the Pi Coin needs more than one positive reactions to the Earth’s contract.
This article is also available in: Polski, Nederlands, हिन, Deutsch, Italiano, Español, Türkçe.
