The PI (PI) slips 13 % as it builds the declining pressure

- The PI (PI) is trading at $ 0.6363 after a decrease of 13.32 %.
- The maximum market decreased to $ 4.34 billion, with a volume of 16.86 %. CMF in -0.09 outer capital signals.
Pi Network (PI) extended its losses, as it was now circulated at 0.6363 dollars after a sharp decrease of 13.32 % over the past 24 hours. The maximum market Decline To $ 4.34 billion, a decrease of 13.15 %, which reflects a sharp decrease in the interest of the investor.
At the same time, the trading volume decreased by 16.86 % to 913.87 million dollars, raising the maximum rate of the market to 21.25 %, indicating high pressure pressure. The fully diluted evaluation of PI (FDV) remains high at 63.62 billion dollars, with 6.83 billion PI, in circulation out of 100 billion as a maximum.
The PI network is struggling under the resistance
Technically, the PI is traded less than the level of resistance of $ 0.70, which recently rejected the upward step. A break above this threshold PI can pay about $ 0.85, although the momentum is still weak. On the negative side, the level of $ 0.50 works as fixed support. If this collapses, the PI can slip about $ 0.42.
The RSI is located at 50.42, while the average RSI paths are at 40.31. This indicates a light bullish difference, although it lacks a strong conviction. If RSI persists above 50, the bullish momentum may return gradually. However, immediate reflection signals are still limited.
Chaikin Money Flow (CMF) prints on -0.09, highlighting continuous capital flows. CMF reflects less than zero a weak accumulation and no purchase. To confirm the bullish reflection, the CMF must cross into a positive area with the support of the size of this step.
Meanwhile, the moving averages do not show any bullish intersection. The average is still in the short term under the long -term direction, which emphasizes the structure of the declining market. A potential cross may be formed only if there is a rise in the size of nails and the price above the resistance. Without this transformation, sellers reserve control of the direction.
The fluctuation remains high, as shown in the wide candle differences, especially during the acute wick about $ 0.85, which was quickly rejected. This price procedure confirms the presence of bears near the upper resistance areas and the lack of support to maintain gatherings.
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