PI prices are now a sauce on the federal reserve decision that boosts the price of bitcoin and altcoin. The price successfully implemented a scenario of the superstition after the resistance of the resistance between $ 0.645 and $ 0.6826. In the fight close to $ 0.7780 and technical technical ones, the trading deposition suggests a potential leg for the PI price rally. If the purchase of pressure remains elevated, supported by major transitions of averages, the token can mark new highs.
After a wonderful start, the PI price has remained stuck within a steep bearish trend over the last few months. Besides, the bulls are trying to raise levels beyond the important resistance of the zone between $ 0.7 and $ 0.76. At the latest increase, the price is again trying for a breakout and considering the purchase of pressure and the bullish technical, the price of the PI appears to be prepared to clean all the barriers.
As seen in the chart above, the PI price drops dramatically soon after a few days of its start, but at the beginning of the Q2, the bulls have managed to prevent excessive loss. Since then, the token has remained combined with a narrow range below $ 0.7. However, the technical ones became bullish because superend has been flipping from being a bearish since it started. Besides, Ichimoku levels will also go for a bullish crossover as the cloud will soon change to bullish.
This indicates that the bulls jumped into the action as they remained poised to lift the token above the bearish captivity. When the price exceeds the local resistance zone, earning $ 1 can be close. However, trading and sentimental market setup suggests bullish dominance can dominate for a long time, indicating towards a new ATH of more than $ 5.
The upcoming May 14th announcement from the main team generates buzz with investors, which can push the PI price to $ 1. The expected lines of this announcement are perfect in the event of a consensus in Canada, where PI network founders will display. It was a strategic moment, especially after his recent presence in token2049. With the momentum and potential partnership with the pipeline, the PI price is expected to spare a bullish breakout, pushing the levels beyond the resistance of $ 1.
