PIUSDT Daily Technical Analysis
Pi Network Coin indicators are POSITIVE.
After experiencing a sharp decline, Pi Network Coin started showing sideways price movements following the positive action on April 5. Currently, it is trading above the support level of 0.5087. With today’s positive movement, a slight increase in volatility is also observed. If the positive sentiment in the cryptocurrency market continues, Pi Network Coin is likely to show upward movement as well. For stronger support and bullish momentum, it is important for the coin to break through the resistance levels at 0.6910 and 0.7711. Additionally, if it can break above the 21-day moving average around 0.8060, it may gain strength in the medium term and potentially reach back to the $1 level.
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The content on this page reflects personal opinions only. These views may not be suitable for your financial situation or your risk and return preferences. Therefore, no investment decisions should be made based solely on the information and writings on this page.
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Pi Network Coin indicators are POSITIVE.
After experiencing a sharp decline, Pi Network Coin started showing sideways price movements following the positive action on April 5. Currently, it is trading above the support level of 0.5087. With today’s positive movement, a slight increase in volatility is also observed. If the positive sentiment in the cryptocurrency market continues, Pi Network Coin is likely to show upward movement as well. For stronger support and bullish momentum, it is important for the coin to break through the resistance levels at 0.6910 and 0.7711. Additionally, if it can break above the 21-day moving average around 0.8060, it may gain strength in the medium term and potentially reach back to the $1 level.
THIS IS NOT INVESTMENT ADVICE
The information, opinions, and suggestions here do not constitute investment advice. Investment advisory services are provided through an agreement between the investor and authorized institutions such as brokerage firms, portfolio management companies, and non-deposit banks.
The content on this page reflects personal opinions only. These views may not be suitable for your financial situation or your risk and return preferences. Therefore, no investment decisions should be made based solely on the information and writings on this page.
To avoid missing any of our analyses with positive or risky technical indicators, feel free to follow and like us — we would really appreciate it!
Note
Currently just below the 0.77115 resistance, Pi Network Coin is also at the same level as its 21-day price average. Daily technical indicators are approaching the peak level. Now the risk of a possible profit sale may have increased. There is a risk of a possible profit sale without breaking the 21-day price average. If it can break the 21-day average, it will also increase the possibility of higher pricing.Not investment advice.
Note
In the daily technical analysis, indicators have reached peak levels. For the past three days, Pi Network Coin has failed to break above the 21-day moving average, which increases the risk of a potential sell-off. If it fails to stay above the 0.77117 resistance level, selling pressure may intensify. This is the current risk scenario. In a positive case, a strong support is needed for the price to break above its moving average. It's worth being cautious. If Bitcoin experiences a sharp sell-off, Pi Network Coin could also face selling pressure.Trade closed manually
We are closing this analysis for new daily technical analysis
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.