The PI network has witnessed a sharp increase in prices by 27 % this week, driven by the optimism of the growing investor and high flows. Altcoin is currently trading at $ 0.73, with the support of the wider market improvement conditions.
This increase follows a period of monotheism, but the PI network is now facing a major resistance level that has been placed over the past seven weeks.
Pi Network Investors Bank on Bullishness
The RSI is currently there is a PI network in the upscale area above 50.0, indicating positive momentum. Although it has not yet been done in the peak area, where reflections usually occur, this indicates that the price may continue to take advantage of the positive sermon in the wider market.
RSI position supports the idea that the upward trend can extend beyond that, giving the PI the ability to break its current resistance.
Since Altcoin is still in a favorable technical position, it may continue to rise, provided that it maintains its momentum from the technical and driven factors in the market.
The total momentum of the PI is also supported by the flow of Chaikin (CMF), which shows a sharp rise. This indicates that PI suffers from strong flows, as investors try to take advantage of the current upward environment.
The increase in CMF indicates a transformation in the investor’s confidence, as more capital is directed towards the PI network in the hope of profit with an increase of altcoin momentum.
With CMF show a positive movement, the PI network has the ability to perform more rising procedures for prices. The strong demand in the market enhances positive feelings, which may enable the PI network to push the previous main resistance levels and continue its upward path.
Pi price attempts to destroy
The price of the PI network increased 27 %, as it is traded at $ 0.73. Altcoin maintains $ 0.71 support. It is now aimed at breaking the septum, which lasted a month of $ 0.78. A successful breach indicates the continuation of upward momentum and can pay the price to its highest new levels.
If the PI network turns $ 0.78 to support, the next goal will be $ 0.87. This will be an essential level for securing current gains and increasing investor confidence, which helps the PI to maintain its upward direction.
However, if the resistance is proven at 0.78 dollars very strong, the price may decrease and decrease to less than $ 0.71. The decrease to $ 0.61 will nullify the upcoming expectations, indicating a possible decrease in the PI.
Disintegration
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