The native token of the PI network, the price of PI, is recorded at its lowest level, which is broken below $ 0.4 before the retreat by $ 0.35 at the time of writing. The accident came from the PI network team a controversial annually a few days later, which may have intensified the community Birishanified bear.
PI breaks through historical climb as if the dowstrand is deep
The PI/USDT pair has now fallen below every major level which makes its launch sensory. As shown in the weekly chart, the PI is trading under a constant descending trendline and bonding all major fibonacci resistance points. At the time of writing, the token is sitting above $ 0.40, and the price action is increasing with selecting the value to reduce the action, Comprehensive altcoin dominance weakens further,
Despite the sporadic bullish spikes from this week’s candle, there is a continuation of the steady decline in March. It has allowed the pie to continue Fall with every step And now trading at its lowest price level, its launch seriously.
Interestingly, the accident occurred amid the announcement of fare by the PI team. PI network team Published announcement Users may prefer to lock up to 200% of their migrated stitches and receive prizes to do so, urging the pioneers for the Lolantarly Lock Curusha for the August 1 blog post. The post also detected various methods to start a lockup through PI app and PI browser.
Until strong support returns
However, this Mot has very little to calm the storm, and the PI price continues to fall. The declaration of time can be flawed, especially given the delay in migration and uncontrolled concerns about tokens. The circle’s circle is inability to trade or use, and now, the lockse with no guaranteed future liquidity seems more like a sacrifice than a strategic decision.
At the same time, Liquidity is a major issue. There are limited trading options, as PI is available only on some centralized exchanges, but it is not listed on major platforms such as Binance or Coinbase. In addition, there are a few months for real water utility.
Now when PI is trading around $ 0.35, Downered has been officially entered into unwanted regions. As long as a strong support area is not physically physically physically, the PI network may experience a major ecosystem catalyst, or arrival in the market in the return.
Lockup was intended, which was motivated to encourage commitment and network development, it appears that a user has become a backfire between residence, which struggles with the provision of speed. For example, the PI network faces the President to provide meaningful progress even further even before the confidence of the community.
At the time of writing, PI is trading at $ 0.352, 1.4% and 19.6% in the last 24 hours and seven days.
Special displayed image from Adobe Stock, Chart from TradingView.com
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