Pi Network (Pi) has decreased by more than 8.5% over the past seven days. He traded below 0.65 US dollars in six days in a row, but today he crashed below $ 0.60. The trend remains weak, with the price action stuck below Ichimoku cloud.
RSI Altcoin walked over 50 for a while, but fell to 45, demonstrating the fading bull impulse. Ema is still bearish. This is soared just above the support of the keys, and the next move can solve between a deeper fall and a potential rebound.
Pi -pressure PI network below ICHIMOKU cloud
The PI network is still traded below the ICHIMOKU cloud, signaling the structure of the bear market as a whole. Nevertheless, a potential shift can develop, since the Blue Tencan-Wen (Conversion Line) recently crossed Red Kidun-Sen (base line).
This crossover is often considered as an early bull signal, especially if it is confirmed by volume growth or moving into a cloud.
Despite this, the future cloud remains red, pointing to further resistance in front and signals that a wider tendency is still under pressure.
The flight Chikou (Learing Line) is still lower than the price and the clouds. This means that any potential of movement has not yet been confirmed.
For a real change in the Pi trend, the PI should penetrate the cloud and above. The future cloud should also become green, and all ICHIMOKU signals are aligned.
Right now, the setting shows indecision. There is a short -term Bully crossover, but the price is still under the cloud, and a wider trend remains bear.
Pi Network Momentum slows down when RSI falls below 50
RSI Pi Network is currently at 45.41, weakening after a sharp rally from 28.49 to 54.40 just two days ago. This indicates a slowdown in the impulse after a short recovery period.
The refusal with more than 50 years assumes that the pressure of the purchase is weakened, and the PI is included in the more neutral zone, where neither bulls nor the bears are in full control.
Quick change also reflects uncertainty in the current price trend.
The relative force (RSI) index is an impulse oscillator in the range from 0 to 100, usually used to identify the conditions of rejuvenation or resale.
Indications above 70 suggest that the asset can be bought, and for correction, while the indications below 30 indicate the terms of re -alienation and the potential for the rebound. The values between 30 and 70 are considered neutral, from 50 as a key turning point.
The current RSI Pi at 45.41 is below this threshold, hinting at a small bear tilt, if the metric does not turn upward. If the RSI continues to decline, this can reflect the growing pressure on sale and the risk of further weak prices.
Pi network fluctuates near the support of keys with bear enamits
Pi price is traded just above the key support of $ 0.59, with bear pressure.
If this level is verified and broken, the following important supports are $ 0.547 and 0.40 US dollars, which potentially subjects token of a deeper correction.
The exponential sliding medium (EMA) remain in bear leveling, and the short -term EMA are located below the long -term. This structure usually signals that a wider trend is still down.
However, if the trend goes and buys, Pi can rise to check the resistance at 0.648 US dollars, and then $ 0.682.
The breakthrough is higher than both, especially if it is supported by the volume and bull crossover EMA, can push the price to $ 0.789, signaling the shift towards a more stable upward trend.
