PIUSDT Daily Technical Analysis
Pi Network Coin indicators are POSITIVE.
On April 14th, Pi Network Coin faced a strong sell-off after failing to break above the 21-day moving average (0.75121), dropping down to the support level at 0.59073 before attempting to recover. If this support holds, it may test the 21-day moving average (now at 0.71713) again. If it can rise above this level, it will also break through the 0.69100 resistance at the same time. Overall, we can say that Pi Network Coin has halted its downtrend and increased the probability of a new upward move. Positive news from the Pi Network team could support a price increase. At these price levels, accumulating Pi Network Coin for long-term investment might be a reasonable decision. The final decision is yours. In the medium term, there's also a possibility that Pi Network Coin could retest the $3 level.
For users of the Pi app who have locked coins, if there's no urgent need, they can choose to relock their coins for another 2-week period instead of selling. They can then track the price every two weeks and decide to relock again if appropriate. The long-term potential for the price to reach much higher levels still remains strong.
THIS IS NOT INVESTMENT ADVICE.
The information, comments, and recommendations here do not constitute investment advice. Investment advisory services are provided within the framework of an agreement to be signed between the investor and brokerage firms, portfolio management companies, or non-deposit-taking banks. The content shared here reflects only personal opinions. These views may not be suitable for your financial situation, risk, and return preferences. Therefore, no investment decisions should be made solely based on this content.
If you'd like to avoid missing out on our technical analyses with positive or risky indicators, please follow and like us — we'd appreciate your support!
Pi Network Coin indicators are POSITIVE.
On April 14th, Pi Network Coin faced a strong sell-off after failing to break above the 21-day moving average (0.75121), dropping down to the support level at 0.59073 before attempting to recover. If this support holds, it may test the 21-day moving average (now at 0.71713) again. If it can rise above this level, it will also break through the 0.69100 resistance at the same time. Overall, we can say that Pi Network Coin has halted its downtrend and increased the probability of a new upward move. Positive news from the Pi Network team could support a price increase. At these price levels, accumulating Pi Network Coin for long-term investment might be a reasonable decision. The final decision is yours. In the medium term, there's also a possibility that Pi Network Coin could retest the $3 level.
For users of the Pi app who have locked coins, if there's no urgent need, they can choose to relock their coins for another 2-week period instead of selling. They can then track the price every two weeks and decide to relock again if appropriate. The long-term potential for the price to reach much higher levels still remains strong.
THIS IS NOT INVESTMENT ADVICE.
The information, comments, and recommendations here do not constitute investment advice. Investment advisory services are provided within the framework of an agreement to be signed between the investor and brokerage firms, portfolio management companies, or non-deposit-taking banks. The content shared here reflects only personal opinions. These views may not be suitable for your financial situation, risk, and return preferences. Therefore, no investment decisions should be made solely based on this content.
If you'd like to avoid missing out on our technical analyses with positive or risky indicators, please follow and like us — we'd appreciate your support!
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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.
Related publications
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.