In the past 24 hours, the price of PI – The native token of the PI network – experienced impressive growth of 54.4%. At one point, the price even reached $ 3, marking a new summit of all time. Some experts believe that the price could affect $ 4 in the near future. However, some technical indicators suggest that the possibility of a strong correction on the PI market cannot be completely excluded. Let’s examine the scenario more deeply!
Price on prices and performance of the PI network market
At the beginning of February 20, the PI price was about $ 0.1008. On the first day of the launch, the PI market experienced impressive growth of a day of 765.87%. On the same day, the market hit a peak of $ 2.208. On the second day, probably due to the aggressive for -profit action by the first investors of the PI network, the market experienced a small correction of 17.55%. Although between February 22 and 25, the market recorded growth of 121.94%, it failed to exceed ATH on February 20 during the period.
Yesterday, with a strong growth of a day of 76.01%, the market broke out above the peak of February 20, and it marked a new $ 3 ATH.
The DMI indicator signals a strong upward trend
The directional movement index indicator on the four -hour table of the PI network shows that the ADX value of the market is 59, + DI at 36.88 and -Di to 5.92. The indicator suggests that the market is currently supported by a very strong trend.
DMI is a technical indicator used in cryptographic trading to measure resistance and trend management. It consists of three main components: the average directional index (which measures the resistance of a trend), the positive directional index (which shows a purchase pressure) and the negative directional index (which shows the sale pressure).
Bbtrends signals the possible correction to come
Reading Bbtrend on the two -day table of the PI network remains at -9,1491. In particular, at one point on February 24, it was greater than 50.
What this indicator really measures is the price movement of an asset compared to the Bollinger bands.
The clear drop, which generally occurs when the price is surprised, suggests that the PI network could undergo severe correction or consolidation in the near future.
The Bollinger strip indicator on the two -day PI graph shows that the upper active band remains at $ 3.1846, the base line at $ 2,1894 and the drop to $ 1,1936.
Currently, the PI price amounts to $ 2,5799.
- Read also:
- Pi Coin Price predicted today: the target analyst $ 3.80 after an increase of 80%
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Key price levels: What then to look in Pi Network?
Experts predict that if the PI market is continuing its strong ascending dynamic and exceeds the psychological barrier of $ 3.5, it could reach a new $ 4 peak.
However, experts warn that if the Bbtrend technical signal materializes in the PI market price action, it could push the price of the IP to a hollow of $ 1.7.
Experts also add that if the market undergoes high downward pressure, the PI price could even slide at a minimum of $ 0.79.
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Faq
According to some sources, holders of PI coins are sold through TI on scholarships such as “HTX” or by trades between peers on various scholarships.
If the bullish feeling argues, this Altcoin could reach $ 80 this year.
The PI network jumped due to a strong bullish dynamic, a technical break and an increase in investor interests, reaching a new $ 3 summit.
