PI crashed another 10% this week and lost support at $0.13.
PI Network (PI) Price Predictions: Analysis
Key support levels: $0.10
Key resistance levels: $0.13, $0.16
PI Loses Key Support
After some hesitation, PI could no longer hold at $0.13 and fell under this level, which is currently acting as key resistance. If nothing changes in the coming days, this cryptocurrency will make new lows again.
The most likely target for sellers is 10 cents, which will act as a magnet for the price. This means buyers will have a tough time going forward, especially if they fail to reclaim $0.13.
Source: TradingView
Bearish Momentum Intensifies
Another concerning development is evident in the volume profile, which has seen sustained selling with higher highs since mid-May. This peaked last week when the price broke below $0.13.
Buyers returned somewhat earlier this week, but they only briefly revisited $0.13. At the time of this post, bulls and bears are fighting at this key level, and the winner wi
We współpracy z: https://cryptopotato.com/why-is-the-pi-network-pi-price-down-this-week-june-9/
