PI Network Pricing, but a risky sample indicates a fall

The PI network price has organized a strong return in the last ten days, as the investors cripto market and investors are placed by DIP.

PI coin (Write), Viral earnings coins, rose to High $ 0.755 Monday, the highest level of 29. Marta. This year, it increased by 92% of its lowest level this year.

Before this jump, the coin was in a strong run because many pioneers began selling their coins. Pioneers are users who are a mining coin before introducing Mainnet in April.

He also fell after centralized exchanging enrollments became unattainable as well as concern, which continued its dilution. As shown below, over 1.56 billion tokens will be unlocked in the next 12 months, leading to more dilutions.

PI Network price formed a risky chart form

PI recovery occurred like Bitcoin (Btc) And some other coins remained resistant. Bitcoin maintained stably above $ 80,000 even as a stock exchange and an awareness index and greed stretched.

The four-year graph shows a coin and after forming the drop-down pattern of the wedge. This pattern consists of two descending and converting trends, with a bullshinning event breakage when two lines are near to the level of evidence.

On the positive side, the coin was moved above the exponential average average 50 periods, a sign to get a momentum. He also moved above the flip flats.

However, signs of potential turnaround appear. The price has now formed a model pattern of wedge, with lower trends that connects the more dish that are found 5. April. In the technical analysis, the rise wedge is considered a reliable bear pattern.

In addition, a bear divergence seems to be formed. The percentage oscillator is on the edge of the bear, and the relative strength index began to move down.

Therefore, PI can be in danger of sharp withdrawal, with the following key level support that is lower than 0.3979, about 47% below current levels.

It was said, this bear view would be canceled if the price can be broken above the first resistance Staonie Pivot Point to $ 0.8610. In this scenario, the next target goal would be a psychologically significant brand of $ 1, about 32% more than today’s price.