Over the past 24 hours, the PI (PI) network has grown by more than 70%, increasing its market capitalization to $ 16 billion, and its volume is more than 2.3 billion dollars. USA in the last 24 hours.
Despite the fact that this technical divergence reaches new maximums for $ 3, this technical divergence offers an unstable path to PI. Traiders carefully monitor how the token moves between the bull impulse, which can lead to 4 dollars, and warning signs that can cause a rollback to maintain levels of up to $ 1.7 or even $ 0.79.
Pi Network DMI shows that the upward trend is very strong
The PII (DMI) directional index demonstrates a wonderful impulse, and its average directed (ADX) index increases to 57.7 from 12.3 days ago.
ADX is a key technical indicator that measures the strength of the trend regardless of its direction. Indications below 20 usually indicate a weak trend, 20-40 suggest a moderate trend, and the values above 40 signal a strong trend.
This dramatic increase in ADX Pi from weak to a very strong territory indicates significant intensification in the basic tendency.
In addition to this, the ADX surge, the positive indicator of the PI (+DI) direction rose sharply to 40.9 from 14.6 two days ago, while its negative direction indicator (-DI) fell to 1.1 from 19.4 in the same period.
When +di is much higher -di, as it is currently with PI, this confirms a strong bull tendency. The combination of high ADX value with the widespread between +di and -di suggests that the PI network is experiencing a particularly powerful upward trend with minimal sales pressure.
If these technical signals retain their current configuration, they may indicate a continuation of the upward movement for PI in the near future, since the market, according to the visible, is under the strong control of purchase with minimal resistance.
Pi Bbtrend is negative, despite the price increase
Despite the constant increase in prices, the Bollinger’s Bollinger’s Bollinger (BBTREND) trend has fallen to -11, noting a dramatic decrease from reading 51.2 only three days ago, after yesterday’s stage yesterday.
The BBTrend indicator is a specialized technical tool that measures the movement of prices compared to the bands of Bollinger. In fact, it quantitatively determines how the price is a trend in these channels based on volatility.
Positive indications indicate upward movement relative to the strips, while negative values suggest downward movement or return to the middle lane.
This sharp decrease to -11 in BBTREND PI can signal that the current ascending trend becomes significantly excessive and potentially vulnerable to the correction or consolidation phase.
When the BBTREND becomes noticeably negative after the price of the price, this often indicates that the assets moved too quickly and are now traded at levels that can be unstable in the short term.
This technical warning sign assumes that the PI may experience a rollback in the direction of its middle group Bollinger, a period of lateral consolidation, or at least a slowdown in its rising impulse.
Can Pi Network cover $ 4 in March?
Pi Network Price reached new records, just a few hours ago, as its price first approached the mark of $ 3.
Thanks to this strong rising impulse, PI can potentially continue its ascent by breaking through the psychological barrier for 3 dollars and checking the higher resistance levels of $ 3.5 or even $ 4 in the near future.
This impressive rally demonstrates the growing interest in the market and the pressure on the purchase, which can maintain a further increase, if a positive mood remains.
However, as indicated in the negative reading of the BBTrend, this rally can be renamed and at risk of circulation. If a reduced technical signal is materialized into the price action, the PI may experience a significant correction, initially falling to check support at the level of $ 1.7.
If this level is not contained, a further decrease to $ 1.42 will become probable when increasing the sale of sale.
In the scenario in which a strong descending trend takes place, the price of PI can experience an even more dramatic rollback of up to $ 0.79, which will represent its lowest level in five days and significant recovery from current maximums.
