- summary:
- An increase of 36 percent last week, Pi Network Coin Price has a strong upward ability that provokes the possibility of March losses.
The price of Coin Network Coin gained approximately 36 % last week, which enhances confidence that it can prepare for reflection. Despite its great gains, PI still decreased by 50.6 % last month. This indicates a basic declining momentum that investors likely see the taming of their appetite for the currency. PISD is trading at $ 0.755 to this writing and it will need to restore a $ 1 sign to restore investor confidence.
An optimistic case for the price of the currency PI
The price of PI Coin broke a three -week loss chain last week. Despite its problems in recent days, the price is still 656 % since it was included on February 20. This means that Hodlers are still in profit, which limits the pressure pressure on the currency. However, opening the next distinctive symbol to 188 million people can reduce the price in the coming weeks. 2.3 million of these symbols will enter blood circulation today.
Meanwhile, Pi Network Coin has regained the top center among the 100 best most difficult assets in Coinmarketca. With more than 6,500 votes, the PI defeated Bitcoin to the first place, where it got 7 % of the outcome. This adds credibility to the potential continuation of the bullish momentum by the currency.
Elsewhere, ChainLink added the currency of PI to 22 new data flows. This means that users can now get data in actual and reliable time, and prepare it to increase the utility.
PI Coin Price
Pi Coin PRICE PIVOTS at $ 0.748 and momentum prefer the updated trend. This was confirmed by reading RSI in 58 and making the price higher than the weighted moving average (VWMA). With buyers control, the currency is likely to turn and meet the first resistance at $ 0.759. The strongest momentum will break this barrier and take measures to the following resistance at $ 0.775.
Instead, a fracture is less than $ 0.748 will turn the momentum into the negative side. This first support that was identified at $ 0.728 will witness. The bullish direction would be invalid if the price is less than this level. An extended control component by sellers can take a lower price for $ 0.710.
