Pi NetworkThe main network of Pi Coin enters the summer months with a weak acceleration. The price approaching $ 3 in February is now around $ 0.69 and the monthly loss has reached 75 percent. High -amount Coin lock openings, increasing stock market entrances and technical indicators in the decline disrupt the morale of investors, while the $ 1 dollar threshold seems to be far away.
Pi Coin in the critical support range
In recent weeks Pi Coin 0.688 – 0.816 dollars is almost stuck in the band. All short -term exponential and simple moving averages are located on the price. This table shows that control is still in the bears.
Bollinger bands MACD is watching in the negative area while narrowing, and RSI is 43’s neutral position. Although the sales volume is up to 158 million dollars in the last 24 hours, it reached 158 million dollars in the last 24 hours. This shows that the coins at hand are transported to the stock market. 0.60 and $ 0.50 are the first stops in the downward. Above the range of $ 0.75 – 0.78 is like a strong wall. The price is difficult to expect a meaningful breakage upward unless it clearly exceeds this resistance line.
PiCan be thrown between 0.70 and 0.76 dollars until the end of May. If the recipient is recovered, a short test of around 0.85 dollars can be tried, but the volume must be strengthened permanently. Pi Core Although the $ 100 million fund developed by the team aims to increase real world usage areas, there is still a clear road map in the eyes of investors. For now, the market is trying to intimidate the pressure caused by millions of Pi ready to be sold with Coin lock openings.
High Quantity Coin Lock Opening Calendar increases sales pressure
263 million in June, 233 million in July, 132 million pi will be released in August. This gigantic calendar is already accelerating the hand of miners who are prepared for voluntary sale in a limited demand environment. In -chain data shows that pi transfers from wallets to stock exchanges in the last two weeks have increased exponentially. As a matter of fact, in the short term “I get it from the cheaper” hopes of waiting for the proliferation, the price of the price of 0.58 – 0.65 dollars of the possibility of loosening on the table.
Analyst Coindcxif the demand is revived, it predicts that Altcoin can jump to $ 1 to $ 1,20 at a time. In case of a strong momentum, it gave $ 1.82 as the end of the month. On the other hand DR ALTCOINHe warned that if the lack of transparency continues, it may decrease up to $ 0.40.
The most curious about the investors at this stage is when the core team will present concrete progress reports. So far the story for Pi seems to be shaped on the two -way printing axis created by weak technical appearance and coin lock openings.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
