The price of the PI has decreased by 10 %, and approaches the lowest time star-news.press/wp

The Pi Coin, Altcoin, which was one day, has seen a transformation of momentum, with short signs of recovery.

However, the positive movement did not last long, as the broader market signals turned to landing today, which pushed the PI to the bottom of the price scheme. Currently, the currency is struggling to get more than $ 0.44.

PI investors are far from optimism

In the past two weeks, the morale of the investors surrounding the PI was significantly negative. July was a special month, with an increasing trend of exits from PI. This trend indicates a lack of confidence among investors.

Important external flows have affected the stability of the prices of PI. With investors choosing to override, there is no great incentive for new buyers to enter the market. This deficiency in support increases the exacerbation of the declining direction.

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The technical indicators of Pi Coin, especially the RSI Index (RSI), continuous struggles of signal. The Relative Power Index recently returned to the Habboudia region, under the score of 50.0 neutral, after it tried briefly crossing into the upward lands earlier this week.

This failed attempt to transform the momentum highlights the current Pi Coin inability to take advantage of the positive market conditions. The negative RSI is a strong indication of the traction market, which indicates that the imminent decrease unless the conditions change quickly.

PI Price is close to death

Pi Coin is currently hovering at $ 0.44, just 9 % of its lowest level (ATL) of $ 0.40. The last decrease to Altcoin pushed without support of $ 0.45, indicating a weak position. The next level of support for PI is very important because it tries to stick to more than its current levels.

As PI Coin has already decreased by 10 % in the past two days, expectations appear dark. If the sale continues to pressure, Altcoin may easily slip to less than its lowest level ever at $ 0.40, which is a new ATL. This would represent the lowest new level in Coin’s short history, which may indicate a long -term declining stage.

However, if the Pi Coin is able to reflect its course, there is hope for recovery. If you can secure $ 0.45 as a reliable support floor, Altcoin may pay more than $ 0.49 and up to $ 0.51. If these levels are recovered, the thesis of the landing can be nullified, and a new upward momentum can be formed.