Crypto World
Pi Network (PI) Price Predictions for This Week
PI is attempting to break away from its longstanding downtrend. Will it succeed?
PI Network (PI) Price Predictions: Analysis
Key support levels: $0.15
Key resistance levels: $0.20
PI Breakout
The current price action suggests that buyers are attempting to break out of the existing downtrend. PI found good support above 15 cents, and as long as this holds, buyers have a good shot at higher levels. The current resistance is at 20 cents.
Bounce in Progress
After PI was rejected at 20 cents, the price entered into a pullback that is now bouncing on the downtrend line. If the bulls can hold the price here and push it to a higher high later, the breakout from this downtrend will be successful.
RSI Higher Highs
A key signal that bulls are on the offensive can also be seen on the 3-day RSI, which made a higher high. This could be an early sign that the buyers mean business and they will also attempt to send the price into a higher high above 20 cents next.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.