- With a 7 % increase, PI is trading at $ 0.622.
- The daily trading volume jumped by more than 232 %.
The encryption market on the recovery boat. All main assets illuminate the green scheme, and break the nearby resistance. Of Altcoins, PI has released a powerful boom for more than 7.21 % in the past 24 hours.
In the early hours, the original was traded with less than $ 0.5774, and the upward wave has sparked the price to move towards the 0.6486 dollar sign. If the decisive resistance areas are tested, the strong upper upward trend correction can be promoted.
At the time of writing this report, PI Trading Within a scope of $ 0.6222, with the maximum market at $ 4.38 billion. At the same time, the daily asset trading volume increased by more than 232 %, to $ 128 million.
Will PI remain fixed or slide?
Candlessick reports for four hours of PI on the early stage of recovery. The goal of the original at 0.6342 dollars may begin resistance to correction of the upward trend. Assuming that the assets build a bullish area, a march can start, which leads to a rise in the price to a level of $ 0.65.
If the bears return, the bear pressure may enhance, which restores the price to a range of $ 0.60. Correcting the deepest negative side may raise the original to the bottom and may call the death cross to form it, which leads to a decline in the price to its lowest levels.
MacD is higher than the zero line, indicating positive momentum. However, the signal line is slightly higher. It may likely lose strength or face a potential unification.
In addition, the money flow index settled CHAIKIN (CMF) at 0.19, indicating moderate purchase pressure, and the capital flows to the original, which reflects the bullish feelings inside the market.
The value of the daily asset relativity index (RSI) of 62.02 light rising signals batchWhich may approach the peak area. This level contains an area for more upward trend before it reaches decisive resistance.
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