The PI Coin price decreased after a brief unification – what’s the next? star-news.press/wp

Readings from the daily PI/USD show that altcoin was briefly combined between 1 and 4 July, and facing resistance at $ 0.50 and support at $ 0.47.

However, the Haboodiya forces gained the power of Friday, and pushed the distinctive symbol below the short -term support range. Since then, the PI has headed down, increasing the possibility of re -testing its lowest level ever at $ 0.40.

The sale in PI deepens with weakening the momentum ascending

The accumulation/distribution of PI (A/D) has taken a diving over the past two weeks, indicating a significant decrease in purchasing volume and relieving the investor’s confidence. As of the writing of these lines, the scale is 300.73 million, as it has decreased by 82 % since June 25.

The A/D line measures the pressure and sale of assets by analyzing price movements and trading volume. When climbing, it indicates a strong accumulation, which means that buyers pay the demand and pay prices up.

On the other hand, as it appears with PI, the fall A/D Line indicates that the sale pressure exceeds the purchase of interest. It indicates that merchants empty PI instead of collecting it, a sign of weakening confidence in the short -term recovery prospects for the distinctive symbol.

Moreover, the preparation of the directional movement index for PI (DMI) is in line with this declining narration. The positive trend index of the distinctive symbol (+DI, blue) is currently located below the negative trend index (-DI, orange), which indicates a negative promotion direction.

The DMI index measures the strength of the price price. It consists of two lines: +DI, which represents the rising price movement, and -di, which means the falling price movement.

The market direction is upward when it stands +di above -DI. This means that the pressure side pressure is the dominant, and the original in the direction of ascension.

On the contrary, when +Di +U -Di is located, the descending price movement is strong. This is a landmark, indicates that PI sellers have more control over the market than buyers.

The sellers dominate the PI market, but buyers can turn the text

At the time of the press, PI is trading at $ 0.44, with the next main support level at its lowest level at $ 0.40. With the sellers remain firmly in controlling and building a declining momentum, it is possible to review this low price.

However, the recovery in the buyer’s request can nullify this landfill. In this scenario, the price of the PI coin can revive, break the new resistance at $ 0.47, and climb about $ 0.50.