The external flow of the PI network rises at all as PI decreased to less than one dollar

Pi Network (PI) recently witnessed a significant decrease in prices, which exacerbated the Binance decision to exclude the distinctive symbol of his new campaign to vote to the list. The move led to a decline in investor confidence, which led to an increase in the price of the PI network.

As a result, investors became increasingly reluctant, as they withdrew their money from the project.

PI miss the interest of investors

The Money Chaikin (CMF) flow to the PI network is at its lowest point since the start of the project. This indicates that altcoin external flows have reached their highest levels ever, indicating a lack of condemnation between investors.

The negative feeling of withdrawing a lot of their money from the PI network causes an increase in the value of the original.

This increased external flow can have a permanent effect on the price, as it indicates that investor confidence is stumbled. With the persistence of the PI network continued to decline, more investors may decide to get out of their locations, which may lead to further pressure on the price.

The total momentum of the PI also showed signs of transformation. The RSI, which measures the power of price movements, wore the sale area earlier this week. This is usually seen as a sign of a possible reflection, indicating that the declining momentum can relieve.

However, despite this slight improvement in RSI, the PI network has not yet seen significant growth. This indicates that the pressure of the broader market is still very present.

PI price slides

Currently, the PI network is traded at $ 1.00, a decrease of 44 % over the past ten days. Altcoin tries to stick to this point and was relatively successful in doing this.

However, the continuous external flows and the wider market conditions indicate that the PI can fight to maintain its current level.

If the pressure pressure persists, the PI network may fall towards the support level of $ 0.92. The collapse below this level may lead to an additional decrease to $ 0.76, which expands the last losses. With this possibility to continue the negative side, investors will need to see these support levels closely.

If the Pi Network is able to restore $ 1.19 as support, it may pave the way for a possible recovery. A successful height above this level can pay the price to $ 1.43, which helps the distinctive symbol to recover part of its recent losses.