There is a great collapse in the crypto currency market! Pi Network (PI Coin), investors are worried in recent days, while investors are worried. In particular, technical indicators indicate that the PI price can go below $ 1. So, what’s behind this fall? What awaits PI investors? As Kriptokoin.com, we transfer the details.
Price decrease in Pi Network continues
Pi Network has faced a strong sales pressure in recent weeks. The decline, which started from 2 dollars levels, has now declined to the $ 1 limit. Technical analyzes show that this decline trend can continue. In particular, liquidity outputs and weakened volume lead to the uneasiness of investors.
According to market analysis, if the sales pressure increases, the price seems to decrease below $ 1. If this level is broken, a deeper fall scenario for Pi may come up.
Technical Indicators Alarm!
Technical analysis indicators clearly show that sales pressure on the PI has increased. One of the most striking data is Directional Movement Index (DMI). This indicator indicates that the current decrease trend is strengthened. In particular, the harsh rise of the ADX indicator confirms that the decline movement is still strong.
In addition, Chaikin Money Flow (CMF) indicator reveals that there is a large capital output from the market. Investors, while selling the PIs of their hands quickly, the buyer’s weakness is pulling the price down.
Does Pi Coin go below 1 dollar?
At this point, the most critical question is: Pi really falls below $ 1? Technical analysis shows that if the market continues to move in the same direction, it is quite high. In particular, the exponential moving average (EMA) data indicates that a critical point called “death intersection” is approached.
If closing below this level occurs, $ 0.95 or lower for PI can be discussed. However, considering how volatil the market is, a sudden recovery may also be possible.
What to do Pi Coin Investors?
In existing market conditions, investors need to be very cautious. Crypto currencies always carry high risks and Pi Network is currently going through an uncertain process.
- Important support levels should be closely monitored.
- Sudden price movements may be seen in low -volume markets, so it should be avoided making impatient decisions.
- The future big news or project announcements may affect the direction of the price.
Although the future of Pi Network is still unclear, the technical data is currently signaling a downward trend. But everything can change in the crypto markets! It is very important for investors to act carefully and follow up -to -date developments closely.
