Pi Network Coin was one of the highest levels in the encryption market this year as it was broken by about 90 % of its highest levels in February.
summary
- The distinctive symbol of the PI network is almost 90 % from the highest level per year to date.
- It has many opposite winds, including opening the daily symbol and lack of demand.
- The PI may rise as possible incentives such as APPEN.
The PI Coin (PI) icon was traded at $ 0.400 on Saturday, August 5, a few points from the lowest level of this month at $ 0.3198.
Is Pi Coin a good purchase today?
The PI, one of the most popular cryptocurrencies, has witnessed a significant decrease this year as many pioneers sold distinctive symbols and increased the opening. Its daily holes have strengthened their circulating supplies to more than 7.88 billion, a process that will continue in the foreseeable future.
Pi Coin also decreased as investors reduced the last network news, including the launch of the Pi Network Ventures and Ai Studio. PNV is a $ 100 million fund created to invest in projects in the ecosystem. It did not announce any investment three months after its launch.
Pi AI Studio was a Pi Network to take advantage of the continuous boom in the artificial intelligence industry. It is a product that allows users to create Batbots Ai Chatbots and applications.
The price of the PI network also crashed, as it ignored most of the levels between the 1 and Tier-2 levels. It is now inserted into exchanges such as OKX, Bitget, Mexc and Gate.
Other famous exchanges, such as Binance, Crypto.com and Coinbase, have not yet included them, perhaps because of its centralization, as the mysterious PI owns more than 90 billion symbols. These pressures are likely to withdraw their price lower in the short term.
On the positive side, the price of the PI network has become a deal where its price decreased. It also has potential stimuli, including announcing the list of exchange and whale purchase. The data released this week revealed that a mysterious whale portfolio bought 350 million PI icons, at a value of $ 141 million.
Technical analysis of the price of PI network
The 12 -hour graph shows that the PI currency has been shattered from its highest level ever, with a decline in demand. I have moved sideways in the past few weeks, prompting the average real range down.
Constant monotheism is a sign that it entered the accumulation stage of Wyckoff theory, which often leads to the outbreak when it moves to the distribution stage.
The relative power index and MACD indicators also referred to the top. Therefore, the symbol is likely to suffer from an upcoming outbreak, which is likely to reach the resistance level at $ 1.6641, which is the highest point in May, which is approximately 315 % higher than the current level.
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2025-08-09 15:00:00
