Pi Coin Price is at risk with whale profit-Does another accident come? star-news.press/wp

The price of Coin PI is trading at $ 0.419 today, July 31, a decrease of 1.54 % in 24 hours. PI now faces another 23 % breakdown because whales sell nearly the price that is believed to be a magnet for buyers. Amid this sale, the collapse is 23 % now inherent.

PI prices risk a 23 % collapse in the head and shoulders

PI may be disrupted to the lowest new level due to the head and shoulder style. When this happens, this means that the bears are about to control. The shoulders and the head have a oblique resistance line. What this means is that the price creates its highest levels.

The height from the top of the head to support is a 23 % decrease. In this case, the transition to less than $ 0.419 may force the price of PI to reach $ 0.32. Here, the price of the PI network will be at its lowest price since its first launch in February 2025.

Some buyers may try to save the situation. The last green candle was just formed and the price did not touch $ 0.41. In this case, there may be some merchants who fill their bags, and are looking to integrate the PI network on the funds of onramp in the coming weeks.

This green candle may also be some of the merchants who believe that the demand area that has played in the past will do so again. This stems from the fact that every time the price of the PI network approaches a decrease, new merchants began to buy. However, when you look at the 35th Relative Power Index, there is no opportunity for this occurrence any time soon.

Pisces Pi analyst also determines the main issues

One whale seems to have abandoned the price of PI. according to Peskan dataThey have transferred 2.36 million PI symbols to Bitget. When whales do so, this indicates that they are no longer comfortable using the waiting and vision approach to see where the price will go.

These moves come when the PI community prepares for more symbols in August. During the month, more than 150 million PI will be released. Just as it happened in the past, these coins are likely to disappear any hopes of gains for buyers.

In addition, analyst Kim Wong believes that there are two challenges that need a solution to predict the prices of the oud PI network. The first is the lack of DAPPS on the network, seven months since its launch.

in Another x postHe also warned that unless there is a way to resolve the issue related to the abolition of the lock, the price of the PI will continue to struggle. This is because many symbols are still closed.

Therefore, the PI may face a new decrease in August, where the fall will find a temporary store at $ 0.32. This is the goal of the head and shoulders, and if it creates a new request area, this is the price that PI may start to bounce.

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Welcome

Muthoni Mary is an analyst and writer in the experienced encryption market that has more than three years of experience deciphering Blockchain trends, price movements, and market dynamics. She holds a Bachelor’s degree in (Financial) Trade from Kenyatta University, and mixes the strong academic basis with the sharp eye of technical analysis and a deep understanding of the data on the series. Its work provides clear data -based visions that enable investors to move in the area of advanced digital assets with confidence. When the market does not analyze, Mary has reading and traveling.

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