PI continues to slide deeper into bearish territory, with technical indicators signaling mounting selling pressure. The Elder-Ray Index on the daily chart has remained negative since July 12, reflecting consistent dominance by bears and a clear lack of bullish momentum.
With sentiment firmly tilted to the downside, the $0.43 support level is now under threat. A breakdown below this threshold could pave the way for a retest of PI’s all-time low at $0.40. Traders should watch this zone closely, as it may serve as a critical pivot for price direction.
That said, any resurgence in buying volume could spark a short-term recovery and shift momentum. Until then, caution is warranted.
With sentiment firmly tilted to the downside, the $0.43 support level is now under threat. A breakdown below this threshold could pave the way for a retest of PI’s all-time low at $0.40. Traders should watch this zone closely, as it may serve as a critical pivot for price direction.
That said, any resurgence in buying volume could spark a short-term recovery and shift momentum. Until then, caution is warranted.
Full story here beincrypto.com/
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Full story here beincrypto.com/
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.