- summary:
- With many of the higher -level stock exchanges that are frequent in its inclusion, PI prices face a high negative spirits that may lead to extended losses.
Pi Network Coin Price had been a roughly trip in the past two weeks, embodied by its decline under the Psychological $ 1 sign. The currency was traded at $ 0.834 at the time of writing this report, after it rose by 5.4 %, to stay on its path to record the first daily gain in four days. The currency decreased by 28 % last week and lost 44 % of its value last month. In addition, the PI decreased by 71 % of its highest level ever at $ 2.98 registered a month ago.
However, the PI increased by 732 % higher than the initial listing price, which means that the first investors are still in profit. This has reducing the sale pressure and provides support for the price of the PI network.
Why can the losses of the PI network can accumulate
The sharp trend of PI has witnessed a decrease from 11 to 24th in the CoinMarkcap menu, creating strong declining feelings. The decrease is emphasized by a sharp decrease in the trading size, which confirms the low interest of the market.
The price of the PI network is attributed to the PI to a delay list through the first -class exchanges, most notably Binance. In addition, the CEO of Ben Zhou previously said that the stock exchange will not include PI, describing it as a “fraud”.
The multiplicity of attrition from the top exchanges towards the PI is not only gave it to negative propaganda, but also saw that it was losing its traction. Return to one dollar is likely to be the largest battle for the currency, and sour feelings can extend if they remain less than this level for a longer period.
Pi -currency predictions
The momentum in the PI rate indicates a possible continuation of the upper side if the procedure remains above $ 0.821. This is likely to witness the first obstacle created at $ 0.855. However, the expanded control by buyers will break this level and can pay the price up to a $ 0.895 test.
Instead, the momentum can turn to the negative side if the price decreases to less than $ 0.821. The first support is likely to be at $ 0.800 in this case. The bullish narration will be invalid if the price of the PI network broke out to less than this level. In addition, this momentum can remove the currency course to reduce and test the second support at $ 0.769.
