Pie Network decreases all the new time – that tokens can be further – bits can be

The price of PI ($ 0.41) fell to a new -time low of $ 0.39 during the early hours of Friday’s Asian trade session, which fulfills the recession concerns throughout the market.

Although it has slightly reversed to trading at $ 0.40 at the press time, the price dip shows the growing self -150 million PI token unlock, which will be held in the next 30 days.

150 million PI token set to test market braking point

150 million tokens worth $ 64 million at market prices, Casbants for data from piskon, are to be unlocked in the next 30 days.

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PI Unlock Chart. Source: Pisson

Large-scale tokens unlock in this way the crypto presses at the bottom downwards on the assets, especially in the low-Demand environment. Pie’s demand may be included in altcoin’s downtrend or even growing rapidly until the demand for pie.

Technical indicators paint foggy pictures equally. The aeron down line, which measures the strength of rent, currently sits at 100% on the daily chart of the PI. This indicates that the fall is strong and the sellers are strongly under control.

Pie Arun Down Line. Source: TardingView

Reducing further recession approach is the recently seen crossover on PI’s moving average convergence deviation (MACD) indicator. PI/USD One-Day chart shows readings that MACD Line (Blue) is crossing the signal line (Orange) during today’s session.

Pie McD. Source: TardingView

This is a classic confusion of shift speed in favor of crossover bears, stating that selecting protection has been decisively utthetch to any gendering bullish.

Pie slides, but oversold RSI may offer short -term suppression

With a large -scale token release adjacent, the pie can struggle to get back until the emotion improves and the upcoming supply is emborred. If the demand is low, the PI may resume its $ 0.39 all-time low and fall further.

However, there is a catch. The relative power index (RSI) of the PI rests at 32.02, shy of 30-canopies that indicate oversold conditions.

The RSI indicator measures overbott and oversold market conditions of a property. It occurs between 0 and 100. The values above 70 suggest that the asset is over and due to the decline in the value, while the values of less than 30 indicate that the property is oversold and can erase a rabad.

Pie RSI. Source: TardingView

Although it suggests that the recession speed is remine, a short -term rebound card may occur. If the buyers step into the day defection in that case, the price of the PI may move towards $ 0.46.

The Post Pie Network New All-Time Low-W.T. The token falls into the crowd slide, even earlier on the first beincto.