PIUSDT Daily Technical Analysis

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PIUSDT Daily Technical Analysis

Pi Network Coin indicators are NEGATIVE. The selling pressure on Pi Coin is still ongoing. Indicators are at a low position but still appear negative. If it can move sideways above the 0.92957 support level, the chances of recovery in the coming days may increase. The 0.92957 - 0.858 price levels are important support points.

It seems that the Pi Network team is somewhat weak in social communication. The applications created on the platform are still inactive, and the KYC period for users who joined before the Mainnet has now expired. There has been no explanation regarding the coins removed from accounts, or at least, we haven't seen one. In fact, no statement has been made on their YouTube channel either. If the coin does not break below these support levels, it could create a buying opportunity for positive price movements in the future. There is currently no clear information, so we will see how things develop.

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Note
In the daily technical analysis, Pi Network Coin remains negative. Breaking below the 0.8580 support, selling pressure has increased due to Bitcoin's decline. Indicators are in a lower position and appear negative. The 0.70350 support level will be monitored.

In the hourly technical analysis, occasional rebound purchases may occur, but the risk still appears high. If a rebound similar to the one on March 12 happens, it could create an opportunity for the price to move sideways; otherwise, the risk of further decline remains high.
Note
Pi Network Coin has established a new support level at 0.77115. It appears to be moving sideways above this support. In the daily technical analysis, indicators have turned positive from the lower position. The 0.77115 support level has become a crucial position. If it does not break below this level, it may enter a recovery phase. Otherwise, selling pressure will continue.

Resistances: 0.90433 - 1.0508
Supports: 0.77115 - 0.70350 - 0.62121

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