Why was the price of the distinguished code for PI in Q2 star-news.press/wp

The PI price reconsidered its lowest level at $ 0.40 last Friday. Although it recovered a little to close the day at $ 0.58, the distinctive symbol resumed its declining tension during the weekend until the new week.

With the purchase of poor pressure and the unique symbol of the height, how much is the price of the distinctive PI in the second quarter?

Opening the distinctive heavy symbol and weak institutional interest threatening PI recovery

The growing PI opening schedule is a major threat to any hopes for a large -term recovery in the short term. Over the next thirty days alone, 337 million PI symbols will be launched at a value of approximately $ 185 million in trading, for each pisan.

This increase in supply continues significantly to the market morale and adds the downward pressure to the fragile procedure already for the distinctive symbol.

The opening of the distinctive symbol indicates the gradual version of the premium or previously acquired symbols in the market, and often follows a predetermined schedule. These cancellations offer a fixed set of PI potential pressure pressure, which still lacks the exchange lists on major platforms such as Binance and Coinbase.

Moreover, the RSI Relative Power Index (RSI) indicates a decrease in demand, hinting to more low prices. At the time of the press, this matter is 33.54, which reflects the decrease in the purchase interest.

The RSI index measures the conditions of the asset assets market and increase. It ranges between 0 and 100. Values ​​that exceed 70 indicate that the original may be excessive at the peak of prices, while values ​​that are less than 30 indicate that the original has increased and may witness a recovery.

In 33.54 and fall, the PI RSI indicates the weakening of momentum, which enhances the hybrid view.

Moreover, the constant decrease in the smart money index in PI (SMI) indicates that the institutional capital is increasingly withdrawn from the original. As of the writing of this report, it is 1.28, as it has decreased by 10 % over the past thirty days.

SMI of assets tracks the activity of experienced or institutional investors by analyzing market behavior during the early and final hours of trading.

When the index rises, it indicates an increased purchase activity by these investors, indicating increasing confidence in the original. On the contrary, when it decreases, it is suggested selling activity or lower confidence from these investors, pointing to the expectations of low prices.

PI faces installation pressure

Since May 21, the PI price has been constantly circulated below the descending trend line, a pattern indicating a declining momentum. This setting appears when the sellers dominate the market, constitute lower levels over time and suppress any attempts in meaningful recovery.

The constant presence of PI below the trend line reflects this continuous continuous frequency and poor demand. If this continues, its price may enhance its lowest level ever at $ 0.40 and decrease to its lowest level.

On the other hand, the return of the request in the request can pay the PI icon price to $ 0.65.