Pi currency prices find decisive support as increased flows star-news.press/wp

Pi Coin recently witnessed a large price movement, as it witnessed a remarkable decrease that made it near decisive support levels.

Despite this decline, Altcoin managed to stick to its land above the lowest possible level (ATL). Investors now provide the momentum that is needed to restore Pi Coin.

PI is acquired

The current market feelings of PI show some positive signs. The MACD is the divergence index (MACD) that the declining momentum has not yet gained a strong attraction.

Cross is a newly climb, accompanied by green tapes on the graph, indicates that the PI still has the ability to recover. This is a decisive development, because it indicates that altcoin can regain upward momentum, and may avoid a decrease to ATL.

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The total momentum of PI also shows signs of improvement, as shown in the flow of Chaikin (CMF). CMF has seen a sharp rise, indicating an increase in flows in Altcoin.

Although the indicator is still less than the zero line, the upward trend indicates that the PI regains traction. This may be a decisive factor in helping Altcoin to maintain its price higher than support levels and prevent it from declining to its lowest levels.

Moreover, the growing investor participation in the PI is a positive indication of the possibilities of recovery. Since more investors show an interest in the distinctive symbol, it may create a stable basis for future price growth.

This capital flow can also support Altcoin in penetrating resistance levels, which leads to a potential recovery of prices.

Pi currency prices find support

The price of PI Coin has decreased by 9.7 % in the past four days, with Altcoin trading at $ 0.442 at the time of writing this report. I recently approached the local support level of $ 0.440, which was fixed.

One of the main factors for the Pi Coin recovery will be its capacity for $ 0.440 support and secure $ 0.450 as a new level of support. This can pave the way for the price recovery, pay the PI about $ 0.493 and help it restore the losses it incurred during the past days.

However, if investor morale turns from accumulation to sale, PI may face more negative risks. It can witness a collapse less than $ 0.440, as Altcoin tested its lowest level ever at $ 0.400.

Pi Coin is currently 9.6 % away from this critical level, and if the pressure sale is rising, it may reach the ATL again.