PI network tokens may be a breakot after all – bits

PI ($ 0.37) The network’s tokens have reminded most of the sideways, which shows a sign of consolidation synt, with a new time of $ 0.32 on 1 August.

However, the speed of rapid speed remains the question that the growing optimism couch turned into a greater profit in the coming session.

Selling President rests on pie tokens

On the one -day chart, the moving average convergence diversion (MACD) indicator of the PI is approaching a positive crossover, indicating a powerful change in speed towards buying string.

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Pie McD. Source: TardingView

The MACD indicator of a property identifies trends and speeds in its value movement. It helps in selling potential purchases or selling signals through crossovers between MACD and signal lines.

A positive crossover occurs when MACD crosses the line (blue) signal line (orange)

This is a rapid signal as it indicates that the short -term speed of the property is gaining relative power relative to its long lasting. For PI, it means buying interest, receiving high value in ALM and receiving.

Additionally, the reading from the PI’s BBTRD indicator shows a steady decline in the size of its slices that began the side.

Pie BBTREND. Source: TardingView

BBTRD measures the strength and direction of a trend based on the expansion and contract of the Bollinger band. When it returns red bars, the price of the asset is closed near the lower bowling band, which reflects continuous sale pressure.

However, when the shapes of these red bars begin to fall, such as with PI, saving protection is getting easier, and the market is buying shifting twisting.

Pie tokens rest on demand demand

A constant demand for PI can push it out of the upper part of its horizontal channel, which makes resistance to $ 0.37. If successfully turned into a support floor, it further achieved the way for Rali $ 0.44.

PI price analysis. Source: TardingView

Conversely, if the demand again weakens, the PI can restart its side -run tendency or fall under $ 0.34.

The Post Pie Network token first appeared on the bencrypto to curb the breakout after the all-time low.