Pinetworkcoin — Trading Ideas on TradingView

Is Pi Coin Set To Repeat History With a 114% Price Surge?OKX:PIUSDT is currently trading at $0.48 after consolidating sideways for several days. This consolidation has worked in its favor, helping the altcoin escape its two-month downtrend. Investors are now watching closely for the next resistance to be broken. OKX:PIUSDT Bollinger Bands are converging, signaling potential volatility ahead . This technical pattern, seen previously in May when Pi Coin saw a 114% price surge , suggests that the altcoin could experience a similar breakout if market conditions remain favorable. With BINANCE:BTCUSDT consolidating and BINANCE:ETHUSDT leading altcoins, sentiment leans bullish, increasing the likelihood of Pi Coin's upward movement. Macro indicators also align with this bullish outlook, as the Chaikin Money Flow (CMF) shows rising capital inflows into $OKX:PIUSDT. This suggests that investors are growing more confident and positioning themselves for a potential altcoin rally. As money flows into the market, Pi Coin is poised to benefit from increased demand , setting the stage for a possible price breakout. Despite being only 17% above its all-time low of $0.40, the technical indicators suggest this support will hold. If OKX:PIUSDT can flip $0.45 into a reliable support level, it could initiate a rally toward $0.51 and beyond, especially if the altcoin season intensifies. However, if holders begin to exit their positions prematurely, OKX:PIUSDT could slip back toward $0.40 . Such a move would invalidate the bullish scenario and place the altcoin at risk of retesting its historical low.

Pi Coin is Now 10% From an All-Time Low; Any Chance of Recovery?OKX:PIUSDT current price of $0.44 is holding just below the resistance of $0.45, a critical level for the altcoin. However, with the ongoing downtrend, this resistance is proving difficult to breach. The altcoin has faced continuous declines for the past two months, and without significant support, it remains susceptible to further drops. OKX:PIUSDT is only 10% away from reaching its all-time low of $0.40. Given the current market conditions and Pi Coin's negative correlation with Bitcoin, the chances of the altcoin falling to this level are growing. However, if investors increase buying pressure, OKX:PIUSDT may experience a rebound . A successful breach of $0.45 as support could lead to a recovery, pushing the price to $0.49. If this happens, the current downtrend could be invalidated, providing a potential window of opportunity for OKX:PIUSDT to reverse its fortunes.

Pi Coin Continues To Bleed Money As Skepticism Hits 3-Month High OKX:PIUSDT is currently trading at $0.44, just 9% above its ATL of $0.40 . The altcoin has been stuck in a downtrend for the past two months, and the lack of support could lead to further declines. As investor sentiment continues to erode, Pi Coin could soon test its ATL , with the potential for further losses. The Chaikin Money Flow (CMF), which tracks the flow of money into and out of an asset, has dropped to a 3-month low . This indicates that OKX:PIUSDT is experiencing a significant outflow of capital, with more money leaving the coin than entering . With the bearish sentiment and technical indicators pointing to a downtrend, OKX:PIUSDT may struggle to find support in the near future. If the altcoin loses its support at $0.40, it is likely to drop to the ATL of $0.36 . This would mark a significant loss for holders who have seen their investments lose value over time. However, if the investor sentiment shifts and OKX:PIUSDT is picked up at lower prices, there may be a chance for recovery. A positive change in momentum could be signaled by Pi Coin breaching the $0.51 resistance level and flipping it into support . This would invalidate the bearish thesis and open the door for potential price gains.

PIUSDT Daily Technical Analysis PIUSDT Daily Technical Analysis Pi Network Coin indicators are POSITIVE. It has broken above the 21-day moving average and managed to stay above it. The announcement that the Pi Network team will make about its ecosystem on May 14th could significantly benefit the project and increase activity around the cryptocurrency. Resistance: 0.79028 - 0.90433 - 1.05080 Support: 0.68164 - 0.57126 - 0.55010 New and positive news from the Pi Network team could support a price increase. At these levels, accumulating Pi Network Coin for long-term investment could be considered potentially profitable. The decision is yours. This is not investment advice. In the long run, there is a possibility that Pi Network Coin could retest the $3 levels. For users who use the Pi app and hold locked Pi Network Coins, if there is no urgent need, they may consider re-locking their coins for another 2 weeks. They can continue this strategy by monitoring the price every two weeks. In the long term, the probability of the price reaching much better levels remains high. THIS IS NOT INVESTMENT ADVICE. The information, comments, and suggestions here do not fall under investment advisory services. Investment advisory services are provided under an agreement between clients and authorized institutions such as brokerage firms, portfolio management companies, and non-deposit banks. The content of this page reflects only personal opinions. These views may not be suitable for your financial situation or your risk and return preferences. Therefore, investment decisions should not be made based solely on the information and content on this page. We’d appreciate it if you could follow and like us so you don’t miss our analyses with positive or risky technical indicators.