Bollinger PRICE Network ranges from the next pressure

The price of the PI network remains in a narrow range this week as merchants wait for the next potential stimulant.

PI currency (BayA famous encoded currency was traded at $ 0.57 on Tuesday, a decrease of 80 % of its highest point this year. This decrease coincided with the demand decreased significantly, with a volume of 24 hours of $ 47.5 million.

There are signs that the price of the PI network will be equivalent in the coming weeks. On Monday, Crypto.News referred to Wyckoff method90 -year -old theory determines the stages that move assets over time.

The article noted that the coin is currently present in the accumulation stage, which features low size and side movement. This usually follows the coding phase, as the second or main news event increases the demand from investors.

In the case of Pi Network, a possible spark can be a list of exchanges by platforms like HTX, Upbit, Binance or Coinbase. Such a list is likely to pay more demand for the currency, as it appears with other symbols after similar ads.

Meanwhile, the famous trend index known as Bollinger Bands indicates the possibility of a strong step in the short term. This indicator includes three lines: a simple average (middle range) and upper and lower ranges that represent standard deviations.

The Bollinger Gangs of Pi Coin has narrowed to the narrowest since the launch of Mainnet. Historically, such pressure is often preceded by upward or declining outbreak.

In the case of Pi Network, there are signs that it will make the outbreak up as it was formed as well The upscale difference pattern. The wonderful oscillator, an indicator that compares the last market momentum by comparing two moving averages, was the highest level and is about to cross the zero line.

The bullish penetration can pay the price of the PI to the psychological level of $ 1, which represents a profit of 74 % of the current levels. On the contrary, the declining collapse can see a decrease in the price towards a level of $ 0.50.