What is the following to collect the price of the PI network? Can you make it over $ 3 to reach $ 5?
The price of PI increased today after the federal reserve decision that strengthened the prices of Bitcoin and Altcoin. The price successfully implemented the upper direction scenario after the resistance collapsed between $ 0.645 and 0.6826 dollars. With the resistance near $ 0.7780 and the bullish technology, the commercial setting suggests a possible leg to collect the PI price. If the purchase pressure remains high, supported by the main moving averages, the distinctive symbol may determine new levels.
After a great start, the PI price has been stuck in a sharp declining direction in the past two months. Moreover, the bulls were trying hard to raise levels that exceed the decisive resistance area between $ 0.7 and $ 0.76. With the last height, the price is trying again to make an outbreak and look at the purchase pressure and the bullish technology, and the price of PI appears to be ready to clarify all the homosexuals.
As shown in the graph above, the PI price decreased severely a few days after its inception, but with the beginning of the Q2, the bulls managed to prevent excessive loss. Since then, the distinctive symbol has been uniform within a narrow range of less than $ 0.7. However, the technicians have turned into ascending because SuperPrend has turned against being a decline since its establishment. Moreover, Ichimoku levels also tend to an upper intersection while the cloud is about to turn into a rise.
This indicates that the bulls have jumped to work because they are still ready to raise the distinctive symbol over the landing families. Once the price exceeds the local resistance area, one dollar may be imminent. However, the commercial preparation and market feelings indicate that the bullish hegemony may prevail for a long time, which hints towards a new ATH over $ 5.
The announcement of next May 14 of the basic team generates a stir between investors, which may pay the price of PI to $ 1. This expected advertisement is fully lined with the unanimity event in Canada, where the founders of the PI network will appear. It is a strategic moment, especially after his last in Taken2049. With this momentum and potential partnerships in the pipeline, the price of PI is expected to lead to an upward outbreak, which drives the levels that exceed one dollar resistance.
