The PI network is likely to decrease to less than $ 0.60 amid the cancellation of the symbolic lock and the weak feeling: the analysis – Cryptomode
PI (PI) is now unifying more than 40 days, with a price of $ 0.57 and $ 0.61 installed.
A recent tweet of Jeff Moods, honestly picked up the mood:
This is in line with the scheme data, which shows PI stuck in a side channel with a low momentum, even as the protocol continues to launch the main ecosystem promotions.
Although the features of stimulating the wallet and deportation updates shared by the PI Core team, PRICE did not show any major reaction.
PI is still firmly lower than EMA for 21 days ($ 0.6370) and SMA for 50 days ($ 0.7405) on the daily chart. In order to recover these levels, the bulls are unlikely to regain control.
The PI network and resurrected still weaken the bullish momentum
The basic weight on the PI remains unchanged: the continuous cancellation openings continue to supply floods. Although the opening rate slowed from the previous 13 million PI per day to 3.8 million, it still exceeds the current demand.
With 100 billion icons such as Max Supply and only 7 billion, it is difficult to ignore the threat that is looming on the horizon with more mitigation. In addition to the strain, it reflects standards such as RSI (42.59) and the oscillary of the stochastic (31.32) markets that lack condemnation. The MACD chart remains flat near the foundation line, and does not show any strong directional boost.
There is still a huge size of the distinctive symbols closed, but some of their holders are now resorting to selling complete governorates to overcome the regime’s restrictions-one of the symptoms of the vision belief in the long term.
Unlike the flat procedure, the official Twitter account of the PI Network has increased from the ecosystem news. The updates include an expanded wallet for Kyc’d users, renewable deportations, and more transparency about symbolic supply and bonuses.
According to the PI Core team, the new features aim to expand the participation of Mainnet and equip more users in PI applications, trade and fields.
PI confirmed fairness, gradual opening, and alignment between mining bonuses and supply distribution. However, the market remains indifferent-which is a possible result of the previous delays of the PI network, the lack of upper lists, and repeated disputes.
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