- Pi price decreases by 13.14% to $ 1.57, and market capitalization decreased by 12.69% to $ 11.34 billion.
- Support at the level of $ 1.50, resistance of $ 1.80, with a risk of falling up to $ 1.30, if the trend continues.
Pi Network (Pi) is faced with a sharp decrease, falling by 13.14% over the past 24 hours to $ 1.57. Market capitalization fell 12.69% to 11.34 billion dollars. The United States, while the trading volume increased by 65.76% to 489.96 million dollars. USA. Increased trading activities involve panic selling, enhances the bear.
Despite the recent recession, the community is looking forward to the engine on March 14. Some investors expect that the price surge of at least $ 3.14, referring to the mathematical constant π. Nevertheless, the current market trend is a bear, casting doubt on short -term bullfect forecasts. Market capitalization coefficients are 4.32% of increased volatility.
Pi will affect again?
Pi is currently struggling around the support level of $ 1.50. If it breaks below, the next major support costs $ 1.30. On the other hand, the resistance is 1.80 dollars. A breakthrough outside this can push Pi to $ 2.00, but market moods remain bear.
The relative force (RSI) index is 41.89, which indicates a weak impulse. The average sliding average RSI also leans down, confirming a negative trend. Meanwhile, the CHAIKIN (CMF) cash flow is 0.01, which indicates the lack of strong interest of the purchase.
50-periodic sliding average falls down, enhancing the bear’s pulse. There are no bull crossovers, which means that the pressure in sale remains dominant. If the RSI falls below 30, the Pi may enter the septum, which can cause a brief rebound.
While optimism around food can temporarily increase moods, current market conditions suggest caution. Without a significant interest in the purchase, an increase of up to $ 3.14 seems unlikely in the short term.
If the volume of trading slows down, and support is held above $ 1.50, the Pi can stabilize. However, a violation below $ 1.50 can lead to further losses. Bulls should return 1.80 dollars to change the impulse. Until then, the PI network remains at high risk, and traders observe more clear trends.
