Can the PI network return after killing all-time less? – Bits

The PI Network (PI ($ 0.36)) opened on August with a steep drop, hitting a new all-time of $ 0.32 on 1 August.

Although Altcoin has made a slight recovery of $ 0.36, the recession dominates Senin. This indicates a possible revision for low or a stator decline below this level in the next week.

PI climbs 4%, but negative deviation is threatened with speed

The price of PI has today taken a nominal dive of a broad market to record large -scale benefits. In the last 24 hours, the price of tokens has increased by 4%, which has reached $ 0.36. Although this short -term price increase may indicate a glimpse of optimism for PI holders, technical indicators suggest that caution is important.

First, the PI’s trading volume declines while its price climbs in the last 24 hours, one of the reasons for conducter. On the previous day, PI’s trading volume has declined by about 30%, which is currently about $ 112 million.

PI price and trading volume. Source: Santime

This decline in volume as an increase in value has created a negative deviation, indicating that the mentor on the top of the PI lacks any significant backing.

In addition, reading from PI’s paralytic stop and reverse (SAR) confirm the approach of this recession. As this writ, dots that relax the indicator above the token offer dynamic resistance to $ 0.47.

Pai Parvalaik Sir. Source: TardingView

The permanent SAR indicator of a property identifies the potential trend direction and inverter. When this dots are placed under the price of an asset, the market occurs in a turmoil. This indicates that the property is looking at the speed of speed, and its price continues when buying a couch person.

On the other hand, when the price rests under these dots, it indicates that the market is in a decline. This suggests that the speed and capacity of the recession to fall in the next PI value occurs until a rapid reverse is reversed.

Beers Grip Pie-Cowls can save fresh demand at all times

On the daily chart, PI Osylits support floor at least $ 0.32 and $ 0.40 above the resistance level price. The bears are still under control, the PI can restart its decline and try to recur or break down its all time low.

PI price analysis. Source: TardingView

However, if the new demand revives, it can increase the price of PI above $ 0.46 above $ 0.46.

Can Post Pie Network Comb after an all -time lower hit? First appeared on the beincrypto.