Currently, 
PIUSDT is trading at $0.385, having failed to breach a crucial resistance at $0.440. This resulted in a 12% decline over the last three days, solidifying the ongoing three-month downtrend. The inability to break through key resistance levels has left Pi Coin vulnerable to further losses.
PIUSDT price is now just 16% away from its ATL of $0.322, and mixed sentiment from technical indicators suggests that it may not hit this level in the immediate future. The altcoin is likely to attempt a bounce from its current support at $0.362.
However, if the broader market conditions worsen or investor sentiment turns more pessimistic, a drawdown could be imminent. This may leadPIUSDT to breach its support and fall to $0.322, invalidating the current bullish-neutral outlook. In this case, Pi Coin could form a new ATL, pushing its price even lower and intensifying the downtrend.
PIUSDT is trading at $0.385, having failed to breach a crucial resistance at $0.440. This resulted in a 12% decline over the last three days, solidifying the ongoing three-month downtrend. The inability to break through key resistance levels has left Pi Coin vulnerable to further losses.PIUSDT price is now just 16% away from its ATL of $0.322, and mixed sentiment from technical indicators suggests that it may not hit this level in the immediate future. The altcoin is likely to attempt a bounce from its current support at $0.362.However, if the broader market conditions worsen or investor sentiment turns more pessimistic, a drawdown could be imminent. This may lead
PIUSDT to breach its support and fall to $0.322, invalidating the current bullish-neutral outlook. In this case, Pi Coin could form a new ATL, pushing its price even lower and intensifying the downtrend.
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Truly Unbiased Cryptocurrency News beincrypto.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.