The PI network (PI) has decreased by more than 8.5% in the last seven days. He exchanged below $ 0.65 for six consecutive days but crashed below $ 0.60 today. The trend remains low, with the action of prices stuck below the Ichimoku cloud.
The RSI of the Altcoin briefly exceeded 50 but returned to 45, showing the Haussier discolored momentum. The EMAs are always lowering. It hovers just above the key support, and the following movement can decide between a deeper drop and a potential rebound.
The PI network faces a downward pressure under the cloud of Ichimoku
The Pi network is still negotiated below the Ichimoku cloud, overall signaling a lower market structure. However, a potential change can develop because the blue Tenkan-Sen (conversion line) recently crossed over the Kijun-Sen Rouge (baseline).
This crossover is often considered as an early bullish signal, especially if it is confirmed by the growing volume or a movement in the cloud.
Despite this, the future cloud remains red, indicating continuous resistance to come and indicating that the wider trend is always under pressure.
The Span Chikou (Lagge line) is still below price candles and cloud. This means that any upward movement has not yet been confirmed.
For a real trend reversal, Pi must enter and above the cloud. The future cloud must also become green, all of Ichimoku’s signals aligning optimistic.
Currently, the configuration shows indecision. There is a short -term bullish crossing, but the price is still under the cloud, and the wider trend remains down.
The momentum of the PI network slows down while RSI plunges below 50
The RSI of PI Network is currently at 45.41, lowering after a net rally of 28.49 to 54.40 simply two days ago. This indicates a slowdown in the momentum after a brief period of recovery.
The withdrawal of more than 50 suggests that the purchase pressure has weakened and pi enters a more neutral area, where neither the bulls nor the bear control.
Rapid reversal also reflects uncertainty in the current price trend.
The relative resistance index (RSI) is an oscillator of Momentum ranging from 0 to 100, commonly used to identify the conditions of surface or occurrence.
Readings above 70 suggest that an asset can be exaggerated and due for a correction, while the readings less than 30 indicate the conditions of Surolon and the rebound potential. The values between 30 and 70 are considered neutral, with 50 as a key pivot.
The current RSI of PI at 45.41 is below this threshold, referring to a slight lean lowerier unless the metric returns upwards. If RSI continues to decrease, this can reflect an increasing sale pressure and a risk of low price.
Pi Network Plane close to the key support with EMAS BASEMENTS
Pi Price is negotiated just above a key support at $ 0.59, with a lower pressure building.
If this level is tested and broken, the next important supports are at $ 0.547 and $ 0.40, potentially exposing the token to a deeper correction.
The exponential mobile averages (EMAS) remain in a lower alignment, with short -term EMAs positioned below those in the long term. This structure generally points out that the broader trend is still down.
However, if the trend is reversed and buyers intervene, PI could climb to test the resistance at $ 0.648, followed by $ 0.682.
An escape above both, in particular if it is supported by the volume and an Ema Haussier crossover – could push the price to $ 0.789, signaling a transition to a more sustained increased trend.
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