The PI network is 40 % in disruption, the semester of Bitcoin signals losses

The price of the PI has recently seen a 40 % sharp decrease, which represents a disturbing period for Altcoin. This sudden stagnation makes it increasingly difficult for the PI network to recover its losses in March.

With a negative relationship between PI and Bitcoin, the recovery prospects remain minimal, which pushed the PI to further declines.

PICOIN PITCOIN network

The PICOIN network connection has weakened, as soon as the power source, greatly. The association decreased to 0.16 negative, indicating that PI was separated from Bitcoin. This is particularly concerned with the continued price of Bitcoin to show flexibility, hovering about 106,000 dollars, and it is on a lips from reaching the highest new level ever.

The separation is suggested by bitcoin Facked PI A difficult battle in the future. Traditionally, Altcoins like PI tend to follow Bitcoin progress, especially when Bitcoin shows bullish tendencies. With the separation of the PI network, it became more likely to any downward players.

Technical indicators support dumping expectations for the PI network. Macd, which tracks momentum and guidance changes, recently showed the first declining intersection in more than a month. This shift indicates that the general momentum of the PI network turns negative.

On the condition PI failed To take advantage of the bull’s bitcoin performance, investor morale may remain low. In addition, the tendency of the market to follow the main trends means that the isolated performance of PI will struggle to restore momentum without external support.

Pi Price chooses a different direction

PI network price It is currently at $ 0.73, after noting the collapse of 40 % last week. This is a decisive moment for Altcoin as it continues to face challenges to recover from its losses in March. Without a clear incentive, the PI network may fight the current lower direction, making more declines more likely.

The current market morale indicates that the PI network can decrease to less than 0.71 dollars. The collapse without this level may lead to more losses, which leads to a decrease in the price to $ 0.61. This would extend the losses to investors, which increases the complexity of any potential recovery of the PI network.

However, if the broader market ranges from the bull, the PI may witness an increase in demand from investors. This must happen, PI network may It rises above $ 0.78 and pays about $ 0.87. Such a recovery would make the PI network closer to a mark of $ 1.00, which nullifies the current downward trend and provides hope for investors.