The price of PI metal currency is disrupted amid the encryption gathering analysis- it predicts a recovery in front of us star-news.press/wp

The price of the PI metal currency was left by the continuous encryption rally. It has declined by more than 11 % of its highest point this month, even when Bitcoin and most heroes rose with double numbers. However, there are signs that the price of the PI network will go to the moon soon.

Pi Coin PRICE crashes despite Rally Crypto Rally

The price of the PI currency under pressure this month remained though Check Rally Which paid the total market value for all $ 3.68 trillion. This performance is likely to be due to the distinctive, continuous symbol that enhances the width daily.

Peskan data He explains that the network will open more than 145 million code worth $ 67 million in the remaining month. After that, 138.5 million symbols will open in August, 117 million in September, and 93 million in October.

Moreover, the price of PI metal currency decreased as investors continued to transfer their symbols from the stock exchanges. External flows have jumped to more than 1.4 million symbols in the past 24 hours.

Investors transport distinctive symbols of stock exchanges when they sell them. This, in turn, leads to further pressure pressure at a time when the offer is from the distinctive symbol on an upward path.

There are also concerns about Network’s centralization because the PI has a lot of strength. Its portfolios reserved code of more than $ 33 billion, without any scrutiny. This centralization is partially explained by the reason not to include many prevailing exchanges such as Binance and Upbit.

The volume of PI trading was also low during this bull run. It was 24 hours of $ 80 million, less than other famous metal currencies such as Pepe, Shiba Inu and Bonk.

PI prices indicate that speed increases soon

The collapse of the persistent PI currency prices can be calm before the storm that may lead to an increase with the acceleration of the encryption. Its size and fluctuations have decreased in the past few months. The falling size and its stirring is often a sign of slow accumulation.

Then the accumulation phase of Wyckoff theory leads to a strong increase when the coding stage enters. The coding phase is characterized by increasing demand from supply.

The price of the coin is formed P Double bottom pattern At $ 0.4056 and neckline at $ 1.666, the highest point in May. Likewise, the distinctive symbol shape is the pattern of falling shed chopped, and the famous bullish reflection pattern. It is about to converge the two steps, which may lead to outbreak.

Moreover, the MACD index formed an upward difference, and a very bullish style. Therefore, the distinctive symbol is likely to have a bullish collapse of the main resistance point at one dollar. The step is higher than the resistance point will indicate more gains, and perhaps to $ 1.666.

On the other hand, the decrease in support at $ 0.4056, which is the double bottom pattern, will nullify the long term ascending PI expectations.

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CRISPUS is an experienced financial analyst in CoingApe with over 12 years of experience. It focuses on Bitcoin and other altcoins, which covers the intersection of news and analysis. His visions were shown on famous platforms such as banklestimes, Coinjournal, Hypeindex, Seekingalpha, Forbes, Investingcube, Investing.com and MoneytransFers.com.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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