Recent developments in the crypto currency market significantly affect Pi Coin’s price performance and the sensitivity of investors. Currently traded at $ 0.383, Pi Coin is difficult to recover after the last decline trend. Crypto currency cannot exceed the resistance point of $ 0.401, while investors’ attitudes towards price movements continue to put pressure on the asset.
Decrease in investor sensitivity
According to market analysts, the general tendency of Pi Coin investors fell to the lowest level of the last four months. The decrease in investor interest has become even more visible with the weak price movements in the last 24 hours. Many investors are in the expectation of a faster and more powerful ascension than before, and the fact that the price surrounds and cannot overcome the important point of resistance causes concern.
A market analyst used the following statements about the development in question:
Some of the investors do not have a clear opinion on the future of Pi Coin, and the price of the price on a wide band increases uncertainty.
According to Sentimental data, the lack of optimism leads to the withdrawal of investors from the market or to the waiting approach. On the other hand, despite the recent negative atmosphere, there is no decisive negative effect on the price.
Price analysis and support levels
At the current price level, the $ 0.401 resistance line, which Pi Coin failed to break, determines the direction of crypto currency. A new rise trend is not expected to start without such a break. If market support increases, Coin’s mobility with re -purchases may come up again.
The Chaikin Money Flow (CMF) data, which is one of the technical indicators, is above the zero level of zero levels, indicates that the entry of cash to a certain extent continues. This is interpreted that some investors see the current price level appropriate and make purchases. Market experts evaluated this development as follows:
The cash flow in the market shows that the interest in Pi Coin is not completely over, despite the decreases, investors look for opportunities.
If the sales pressure increases and the current level of support is broken down $ 0.362, a new wave of decrease in Pi Coin’s price can be observed. This level will play a critical role; Because a downward breakdown can reduce the expectations of rise for a while.
However, if the price is accelerated and it increases over $ 0.401 resistance and protects this level, analysts say that the level of $ 0.440 may come up. In such a case, a positive atmosphere in the market may re -occur and the negative tendency in recent months may return to the opposite.
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.
