PI has been on a steady downtrend since February 26, shedding 72% of its value as bearish sentiment continues to weigh on the token.
The PI token has been on a steady downtrend since February 26, shedding 72% of its value as bearish sentiment continues to weigh on the token.
The PI token has been on a steady downtrend since February 26, shedding 72% of its value as bearish sentiment continues to weigh on the token.
This is supported by the fact that the Chaikin Money Flow (CMF) is also below the central line at -0.12, further indicating that traders are engaging more in distribution than accumulation.
This lack of demand is also evident in the fact that the PI/USD pair has not yet broken above the resistance at $0.86, which could propel the token to a high of $1.01.
However, if the sellers manage to push the PI token lower, it could revisit its all-time low of $0.40.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
