PI loses key support. Where will buyers return?
PI Network (PI) Price Predictions: Analysis
Key support levels: $0.15, $0.13
Key resistance levels: $0.16, $0.20
PI Loses Key Support as Sellers Return
Since late last week, selling has intensified, which put pressure on the $0.16 support until this level could not hold any longer and broke. Because of this, it is now acting as a key resistance.
This breakdown could be interpreted as a resumption of the macro downtrend after a long pause that started in February when the price began to move sideways. To confirm the downtrend, the price will need to make a lower low under $0.13.
Source: TradingView
Bears Take Over the Price Action
Since PI lost support at $0.16, bears drove the price down to $0.15. Here, buyers appear to make a stand, but their conviction appears weak considering the low buy volume.
If buyers are unable to reverse this price action soon, then this cryptocurrency will likely test the all-time low at $0.13. A re-test of that
We współpracy z: https://cryptopotato.com/pi-network-pi-price-predictions-for-this-week-may-20/
