The PI network experienced a high price increase of 27% this week, driven by the growing optimism of investors and the increase in entries. Altcoin is currently negotiated at $ 0.73, supported by the wider market improvement conditions.
This thrust follows a period of consolidation, but Pi Network is now faced with a key resistance level which has held in the last seven weeks.
Pi Network Investors Bank on Brilachness
The relative resistance index (RSI) for the PI network is currently in the increased area greater than 50.0, suggesting a positive momentum. Although it is not yet in the excessive area, where inversions generally occur, this indicates that the price could continue to benefit from the broader market indices.
RSI's position supports the idea that the raised trend could extend more, giving the PI network the potential to break its current resistance.
As Altcoin remains in a favorable technical position, it can continue to increase, provided that it maintains its momentum to technical and market -oriented factors.
Network's Macro dynamic is also supported by its Chaikin silver flow (CMF), which shows a clear increase. This suggests that PI is experiencing strong entries, investors trying to capitalize on the current bullish environment.
The increase in CMF signals a change in investor confidence, because more capital is directed to the PI network in the hope of taking advantage as Altcoin is growing.
The CMF showing a positive movement, Pi Network has the potential for increasing action. The high demand on the market strengthens positive feeling, potentially allowing the Pi network to go beyond key resistance levels in front and to continue its ascending trajectory.
Pi Price tries to vanish
The price of the PI network is up 27%, trading at $ 0.73. The Altcoin lies above the support of $ 0.71. It now aims to break the one -month barrier of $ 0.78. A successful violation would mean continuous rise and could generate the price to new heights.
If the PI network returns the resistance of $ 0.78 to the support, the next target would be $ 0.87. It would be an essential level to guarantee current gains and stimulate the confidence of investors, helping the PI network to maintain its upward trend.
However, if the resistance at $ 0.78 is too high, the price could be reversed and fall below $ 0.71. A drop to $ 0.61 would invalidate upward prospects, reporting a potential slowdown for the PI network.
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