Since April 9, the PI token has been exchanged within a tight incidence of integration, facing resistance to $ 0.66 and continues to find support around $ 0.57.
The token made a failed attempt to break this channel on April 12, but in retesting, the momentum has since been stuck.
PI entrepreneurs are waiting for the edges
An analysis of some technical indicators in the sun -sun chart shows an indecision pattern to PI holders. For example, the KaMag -child -child index -a token (RSI) index (RSI) has been trending from the beginning of May, not seeing major spikes or rejection.
It features a relative -child balance between buying and selling harassment in the market. At the time of press, the momentum indicator sits at 40.49.
A flat RSI in an extended period indicates the market has no strong faith in either direction. This pattern signals that PI entrepreneurs are hesitant to make a significant purchase or sell positions and await a catalyst or resistance to the trend.
Similarly, the average true range of PI (ATR) is in denial, reflecting a steady collapse in volatility in the market. At the time of press, it sits at 0.051.
The ATR indicator measured the level of price movement at a given period. When it comes down to this, it is often suggested that the price change is narrow and the momentum weakens.
PI BULLS EYE $ 1.01, while the target is target of $ 0.40
Like this writing, PI is trading at $ 0.58, resting just above the main support level formed at $ 0.57. This zone served as a critical level for the token throughout the phase of its integration, with it, repeatedly preventing the downward pressure.
If the Selloffs Surge and PI destroy below the floor of this price, it can fall at all times less than $ 0.40.
On the other hand, if the bullish momentum spike and the PI token break above $ 0.66, it can climb to $ 1.01.
Refusal
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