Pi Network (PI) Price Predictions for This Week

Pi Community entered a downtrend. The place will consumers return?

Key Help ranges: $1.1, $0.90

Key Resistance ranges: $1.5, $1.8, $2

1. Downtrend Amplifies

Previously 24 hours, PI has nosedived after falling by 20% in a brief burst. This drop took the worth to the important thing assist at $1.1. If this degree doesn’t cease this downtrend, then the worth is prone to fall below $1 sooner or later. With consumers absent, bears are in management proper now.

2. Bears Return in Power

After the worth was rejected by the resistance at $1.5, sellers took management and managed to push PI from $1.5 to $1.1 in two days. For that reason, the 4-hour RSI is now oversold which might open a possibility for consumers to return on the key assist.

3. Promote Momentum Will increase

The quantity exhibits clear greater highs with sellers dominating. It is a bearish sign and the worth rapidly confirmed it by falling in double digits at this time. In comparison with the remainder of the month, at this time’s promote quantity was additionally one of many largest.

This will put a variety of stress on the present assist round $1.1 which might crack if nothing adjustments. The following key assist degree is discovered at 90 cents.