- summary:
- The PI slip down to below $ 1, where the landfill is made. The main support levels are threatened as merchants prepare for more negative aspect.
The PI coin faces the downward trend amid the support of the weak buyer
The PI (PI) network is again flirting with a decisive collapse lower than one dollar level, as it is traded at $ 0.94 at the time of writing this report. The latest procedures show prices poor installation, as technical indicators flashing Haboodi via multiple time frames.
The distinctive symbol, which raised shortly for 3 dollars in early March, has since been abandoned more than 65 % of its gains, reflecting a momentum fading and its growing doubts about the distinctive symbol in the long run. Despite its audio community, PI is still not included in the main stock exchanges, and current prices are based on speculative IOU contracts, adding more risks to retail buyer.
Technical analysis: The collapse can lead to less than one dollar to panic
- Current price: 0.9429 dollars
- Resistance levels: $ 1.23 (breaking penetration), $ 1.62
- Support levels: $ 0.88 (minor), $ 0.74 (lower major swing)
The graph shows a very slope, with no signs of bullish reflection. MACD remains in a deep negative area, while the relative strength index decreased to 43.7, indicating poor momentum and lack of a sign of the increase in the sale.
The failure to break $ 1.23 last week confirmed the seller’s dominance, and the continuous rejection of Lower Highs indicates that the declining direction is sound. If the support of $ 0.88 fails, the rapid decrease is likely to be about $ 0.74.
Expectations: Feelings slide with Pi Hype fading
Without a tangible update from the PI Core team on the Mainnet launch lists or an exchange, the speculative demand continues to dehydration. With momentum and weak support levels, the PI may struggle to get higher than one dollar – the collapse may accelerate the retail sale.
