Pi Network experienced a significant decrease and the price moved away from $ 3.00 (AD), the highest level of all time. Despite a large -scale decline in the market, investor sensitivity remains optimism. This allows PI to resist excessive losses. Crypto analyst Aaryamann Shrivastava ‘ according to Altcoin is located for a potential reversal that aims to regain the lost floor.
Pi Network aims to heal
The moving average convergence Iraqi (MACD) indicator indicates a potential rise passage for Pi Coin. If the MACD line rises above the signal line, the rise momentum indicates increased. A slip from red to green in the histogram bars will further confirm the likelihood of reversing the trend. Investor support plays a key role in maintaining this acceleration. If the procurement pressure increases, the price of Pi Coin can strengthen the rising trend and reduce the more downward risk.
PI Coin Macd. Source: TradingViewDespite the recovery signs, the relative power index (RSI) shows that the decrease tendency continues by remaining below the neutral 50.0 level. Until the RSI rise zone, the upward movement in the Pi network price may remain slow and uncertain. The wider market environment continues to be difficult for Altcoins. A strong driving force from investors can accelerate acceleration, but the macro appearance continues to be cautious. If the RSI continues to be suppressed, the recovery of PI may be gradual, not sudden.
PI Coin RSI. Source: TradingViewPI Coin Price Estimation: More pleasure can be achieved!
Pi Coin clings to $ 1.59 and tries to return to $ 2.00 resistance. Exceeding this level is very important to reversed the last losses. If the PI manages to provide support over $ 2,00, the investor confidence may indicate that the confidence is renewed. With the support of technical indicators and purchase momentum, securing $ 2,00 as support may pave the way for $ 3,00. Successful breakage can lead to price discovery, allowing PI to set new summits. However, this depends on the fact that wider market sensitivity remains constant.
PI Coin Price Analysis. Source: TradingViewIn the lower direction, if the pressure pressure prevails, Pi Coin may lose its support for $ 1.59. A decrease below this level may invalidate the rise thesis by directing PI to $ 1.43 or even $ 1.19. This may delay a possible recovery by pointing to a long -term correction.
The opinions and estimates in the article belong to the analyst and are not definitely investment advice. Kriptokoin.comWe recommend that you do your own research before investing.
