PI Network price Collision slows down, pointing to April rise

This year, PI network price was in a strong trend down until customers remain aside.

PI coin (Write) The token initially rose to almost $ 3 after launching Main Main in February. Then he started sales on the current $ 0.7925, costing billions of investors.

There are three main reasons why the price of PI networks collapsed this year. First, while the launch of Mannet was very successful, most mainstream exchange did not state it.

The biggest surprise is bynance, the largest industry that is the largest cryptic exchange. Over 85% of participants in the bynance survey favors the coin listing in February.

Other popular exchanges, such as coins, Bibit, Kraken and Upbit, also did not specify the PI network. Kosovo’s chancellors claimed This PI is a scam network, states that developers are rejected.

On the positive side, some of these exchanges will probably specify the token later this year. Pi became one of the largest cryptograms, with a market cap of over $ 8 billion.

Exchange listing by these companies would help to push the price higher. For example, the Orca token prices rose Over 200% after listed on the upbit, the largest South Korean exchange.

The PI network price also collapsed due to future dilutions such as token unlocks. The data show that PI tokens in the amount of millions of dollars will unlock each month, and over 1.6 billion tokens will unlock in the next twelve months. Unlock tokens dilute existing owners.

Furthermore, the price of PI is divided due to the current Cripto Market Crash. Bitcoin (BTC) and most Altcoins have dropped everything over the past few months, because they are worrying about Donald Trump tariffs.

PI Network price analysis price

The four-stop chart shows the PI network price collapsed in the last few weeks as customers remain aside.

There are signs on the positive side that the sale of swing is sold out. This explains why the average directional index or ADKS, collapsed for 15 from last month from almost 60. ADKS measures the strength of the trend.

Furthermore, the BBTrend indicator formed a sample pattern of bakery. This indicator measures the spread of the upper and lower side of the Bollinger bands.

It all happens like two lines of falling wedge samples near its point in confluence. The wedge is one of the most inverted patterns in technical analysis.

Therefore, the price of PI coins will probably have a strong bullish break in April, and the next point look at $ 1.7980, by 127% from the current level.