Pi made a wonderful return after April 5 was at 0.40 US dollars. Against the background of a wider market recovery over the past week, Altcoin has a revival of demand, which increased its price by 84% from the last bottom.
Since bulls trying to strengthen market control can expand their success in the short term.
Pi is restored after an accident with strong bull setting
The divergence divergence indicator (MACD) from the average sliding Pi (MACD) flashed a bull signal. On the daily graphics, the MACD line crossed the signal line (orange) on April 5, which indicates a positive shift in the pulse immediately after it is at the bottom of $ 0.40.
In addition, the histogram, which reflect the power of this impulse, gradually increased in the amount over the past few days, emphasizing the growing demand for altcoin.
When the MACD of the asset is tuned in this way, the impulse increases, and buyers receive control. The MACD PI -Crossover is a bull signal that involves the potential for further prices when increasing the purchase pressure.
In addition, the positive balance of power (BOP) Pi (BOP) reflects the growing demand for altcoin. At the time of writing this article, the indicator is 0.52.
The BOP indicator measures the power of buyers compared to sellers in the market, helping to determine the shifts of the pulse. When its cost is positive, buyers dominate the market over sellers and increase prices.
1 dollar within reach?
The ongoing PI rally led to the fact that its price came into force in the framework of the ascending parallel channel. This bull template is formed when the price of the asset is sequentially moving between two parallel fashionable lines.
This signals a stable upward trend, when PI buyers gradually receive control, providing short -term rollbacks. If the rally continues, Pi can exchange hands at 0.95 dollars.
However, if Altcoin reverses its current trend and drop recent benefits, its cost may fall to $ 0.40.
