- summary:
- The price of the PI network is offered at tremendous pressure, and a large part of it is due to the lack of development team to transparency.
Pi Network Coin Price has returned to the upper direction after sharp declines, which I sent approximately 20 %. The currency trades at $ 0.606 to this writing, after gaining 0.4 % in the past 24 hours. The PI momentum refers to a possible continuation of the declining work, as it reads daily RSI at 40. In addition, it trades below the IMA (EMA) (EMA) level on the daily chart, adding credibility to the declining narration.
One of the main obstacles in the coin of PI is its decreasing reputation due to the lack of perceived transparency. In addition, the network will open between 5 to 6 million icons per day in April, which may reduce marginal gains recorded in recent days. There are fears that what has become a talisman currency can affect $ PI due to the lack of transparency.
Many pioneering exchanges such as Binance and BYBIT were hesitant to narrate the PI network due to the restriction of access to its wardrobe review. In addition, the development team currently has 67 billion symbols of a total of 100 billion offers, raising questions about the demands of integrity and decentralization.
In addition, the PI network development team has not announced any important promotions on the network since the open Mainnet has been operated. This excitement has drained outside the project, and the declining pressure is likely to add the price of the PI network in the medium and long term if the direction continues.
Pi
The PI PIVOT PRICE PIVOT PIVOT PIVOT PIVOT $ 0.607 is a dollar, and momentum calls for more bullish direction above that mark. The currency is likely to meet the initial resistance at $ 0.610. It will break a stronger momentum above this level and it will be likely to face the second resistance at $ 0.615.
On the contrary, the collapse below $ 0.607 will turn the momentum into the negative side. In this case, the currency is likely to find basic support at $ 0.604. However, a stronger momentum will reduce this level, which nullifies the bullish narration and is likely to decrease for a $ 0.600 test.
