Altcoins News
By Sakamoto Nashi
1 / 15
A Sudden Plunge Threatens PI’s Monthly Gains. PI’s dramatic 20% drop in a single day has raised alarms among investors who were hoping the token…
2 / 15
Breaking Key Support Levels. A closer look at PI’s technical chart using the Bollinger Band indicator reveals that the token…
3 / 15
Mounting Bearish Conditions. PI’s market indicators paint a worrying picture for the token.
4 / 15
Declining Futures Sentiment. The futures market also reflects the growing bearish sentiment surrounding PI.
5 / 15
Is $0.30 the Next Stop?. With a combination of technical breakdowns, weak market indicators, and a declining futures…
6 / 15
What Comes Next?. As PI struggles to hold its ground, the token’s future remains uncertain.
7 / 15
Pi Network’s (PI) four-week rally appears to be on the verge of crumbling as the token faces a sharp downturn. In the past 24 hours, PI has plunged by 20.
8 / 15
This sharp decline has left many investors and traders wondering what comes next for the token.
9 / 15
A closer look at PI’s technical chart using the Bollinger Band indicator reveals that the token has dropped below its middle band, which had previously served as a support level.
10 / 15
The $0.3112 zone is now viewed as a critical level by traders. Should PI fail to rebound from this point, it could trigger further downward movement.
11 / 15
PI’s market indicators paint a worrying picture for the token. The Accumulation/Distribution (A/D) indicator, which tracks the buying and selling pressure in the market, shows…
12 / 15
In fact, the current rate of distribution is concerning, as the token is on track to potentially fall below its all-time low.
13 / 15
The Average Directional Index (ADX) also shows increasing selling pressure. The ADX is designed to measure the strength of a trend, and when it rises, it suggests that the market…
14 / 15
The futures market also reflects the growing bearish sentiment surrounding PI. The Open Interest (OI) in PI Futures has been steadily declining, signaling that more traders are…
15 / 15
As of now, the latest data indicates that the Open Interest on PI Futures has dropped to $4,000, highlighting the weak sentiment among futures traders.
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