The PI network found a bottom after a sharp correction – will the price reflection follow?
PI predictions to see this week
Main support levels: $ 0.67
Main resistance levels: $ 0.88, $ 1
1. The price for recovery
After a decrease of 65 % from its last rise at $ 1.7, the PI managed to find a bottom of about $ 0.67, as buyers returned to the scene again. This apostasy managed to raise the original to $ 0.8 and may test the resistance at $ 0.88 before the sellers appear again.
2.
In the past few days, the PI has seen a noticeable capacity in the purchase pressure, which allowed the price to expand and increase by more than 20 % since the last hall. This is encouraging, but the bulls will have to break the main resistance at $ 0.88 if they want to keep up with this momentum. If it succeeds, the PI has a good shot in hitting one dollar again.
3. The size was shattered, but it recovers
During the gathering in early May, the purchase exploded and managed to transfer the PI to $ 1.7. Since then, the size has been shattered and the price took less than one dollar. However, in the past few days, buyers have returned, which allowed the size to make a higher height. This is encouraging, but more buyers will be needed to keep recovery.
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