- The PI (PI) decreases by 7.06 % to $ 0.9322, and the market shell is $ 6.3 billion.
- Trading near the lower range, indicating high sales pressure.
Pi Network (PI) extended its declining direction, as it decreased by 7.06 % in the past 24 hours to $ 0.9322. Market hat Stand At 6.3 billion dollars, which reflects the decrease in the percentage, while the trading volume increased over 24 hours 57.46 % to 303.63 million dollars, indicating an increase in market activity.
Despite the broader recovery in the encryption market, the PI is struggling to restore the lost land. The code decreased about 60 % of its highest level, which raised concerns among investors. Technical indicators indicate more negative pressure unless the purchasing momentum strengthens.
Can the PI network recover?
PI face immediate resistance at $ 1.00. The collapse above this may pay the price about $ 1.20, which is the main psychological level. However, support at $ 0.90 is still decisive. If this level is violated, PI can decrease to $ 0.80 or less.
RSI is 37.93, close to the sale conditions. The relative strength indicator usually indicates less than 30 to excessive release, which may lead to short -term wearing. However, the average RSI movement in 39.61, confirming the poor purchase pressure. Unless RSI moves above 50, it is unlikely to recover continuous recovery.
CMF is in -0.04, indicating poor capital flows. CMF’s positive reading would propose a renewed investor confidence, but the current negative value reflects continuous external flows. If the CMF decreases further, it may confirm the dominance of the decline.
The PI price moves near the lower Bollenger Band, which is a sign of high pressure pressure. If the gangs expand, the fluctuation may increase, which leads to more pronounced price fluctuations. The movement towards the middle range indicates stability.
The BBTREND index remains negative, which enhances the hybrid view. To reflect this trend, the PI must restore the resistance of $ 1.00 level With strong size support. Until then, negative risks are still high. Recovery depends on restoring the main resistance levels and improving market morale. If buyers fail to intervene, PI can continue its path down about $ 0.80 or less.
The encryption news was highlighted today
Bitcoin’s Metaplanet holds up to $ 291 million, and now it owns 3,350 BTC
Involve
