PI is down 12% this week and is quickly approaching $0.10. Will buyers return there?
PI Network (PI) Price Predictions: Analysis
Key support levels: $0.10, $0.085
Key resistance levels: $0.13, $0.16
PI Arrives at $0.10
As expected, the price of PI has reached the 10-cent support, a key psychological level. So far, sellers appear to have total control, considering that the price has crashed 12% since last week.
If buyers plan to return, then this is a key moment for them to take back control. Ideally, they defend the $0.10 level and send PI into a bounce. The current resistance is found at $0.13, and only if this level breaks can we hope for a sustained rally.
Source: TradingView
Decisive Moment Ahead
With the $0.10 key support under pressure, PI is found at a crossroads. Bounce here, and buyers have a chance to recover some of the most recent losses. Fail to defend this level, and PI may crash even more and into single digits.
A look at the momentum indicators does not give much confid
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