The PI’s encryption value can operate a Phoenix -like recovery star-news.press/wp

The price of Coin Pi has decreased as it hovers near its lowest level ever, even with Bitcoin and most Altcoins.

Pi Network (PI) has decreased by 26 % over the past thirty days, as it was erased by millions of dollars, as the market value decreased to $ 3.4 billion.

The symbol has decreased despite many bullish stimuli. One of them is to put the network as a symbol of artificial intelligence. The team recently launched the Pi Ai Studio, a tool that enables users to create and launch an artificial intelligence applications within minutes.

Pi Network aims to support developers through its broader ecosystem, which includes .Pi domains, online wallet, and an advertising network. These tools are designed to facilitate the creation and investment of applications.

The platform also presented a Stokeing mechanism on Pi2day, allowing the pioneers and companies to share the distinctive symbols to support and enhance the arrangement of PI applications within the ecosystem interface.

These users share their symbols to help apps in order. Some higher -gradient applications include PI fruit, PI maps, and ThePitogo services.

One of the possible reasons for the decrease in the price of PI metal currency is that the width increases daily due to the cancellation. Peskan data He explains that 130 million coins will be opened this month, up to more than 8 billion.

On the positive side, it is expected that the distinctive symbol will slow down during the next three months. The network will open 139 million icons in August, followed by 117 million in September and 93 million in October.

Another leveling factor is that the PI currency is likely to benefit from a long encryption market gathering. Many altcoins, especially those cheaper, work well when Bitcoin collects or when there is the Altcoin season.

Most importantly, there is still a little chance to include them in one or more exchanges this year. The most prominent exchanges are level names 1 such as Binance and Upbit.

Technical analysis of PI metal currency

Despite the pressure, the price of the PI network formed many oud technical structures. It is worth noting that it formed a dual -bottom pattern at $ 0.4087, which represents the lowest levels of swing in April and June.

Pi Coin also formed a falling sorry style, which is a common updated reflection indicator. As a result, the distinctive symbol is likely to be bounced and the psychological level will be re -tested at one dollar. The step is higher than this level will open the door to make more gains towards the double neckline at $ 1.66.