PI Coin Price (IoU) Soars 78% Before Open Network Launch | Airdrop Alert Pro

PI Network (PI) IOU prices have experienced a sharp surge in recent days.

However, it is important to note that this is not a real price, but a price, which refers to the price of tokens representing the “I owe you” contract, which is usually used for assets that are not yet fully tradable on the exchange .

pi dmi shows the trend is easing, but it is still strong

project The upcoming launch also attracts legal scrutinyexperts issued warnings about potential regulatory risks. As PI’s price momentum remains volatile, technical indicators now indicate that assets can expand their gatherings or face significant corrections.

PI network Directional motion index (DMI) showed a significant shift in momentum. this Average Direction Index (ADX) Currently, it is 46.6, down from yesterday’s 56.9.

This was a period of rapid growth from 19.1 in just five days, highlighting a strong trend development period. ADX measures the strength of a trend, rather than its direction, values ​​above 25 generally indicate a trend market and reading above 50, indicating an unusually strong trend.

Recent peak declines suggest that while the trend remains intact, its intensity begins to cool down, which may indicate a transitional phase.

Meanwhile, +DI (positive direction index) dropped sharply to 27.5 only two days ago after reaching 57, indicating that the buying pressure has been greatly alleviated.

Meanwhile, -DI (negative direction index) climbed from a low of 1.38 to 13.5, reflecting the rise in sales pressure. Despite this shift, the uptrend remains intact as +di is still above -DI, ​​meaning buyers are currently in control.

However, the sharp contraction in +di and rising-di indicates that bullish momentum is weakening. If this trend continues, it may lead to a more balanced or even corrective phase of price movements in PI.

PI RSI is now neutral after contacting 92

pi Relative Strength Index (RSI) It has dropped sharply, and now it is at 54.8 after falling from yesterday’s 92 extreme highs. RSI It is a momentum oscillator that measures the speed and amplitude of recent price changes in the ratio of 0 to 100.

Typically, readings above 70 indicate that the conditions are too high, indicating that the asset may overscalate into the upside space, while readings below 30 signals are too many conditions, which means potential underestimation. A rapid decline from such an increase in level indicates that momentum changes strongly, often sending out the beginning of a profitable or merger phase.

With Pi RSI now at 54.8, the asset is back in a more neutral zone, meaning that the intense buying pressure to push it toward too much territory has been reduced. While this does not necessarily indicate a downward trend, it does indicate that explosive gatherings may lose momentum.

If the RSI stabilizes at this level or starts to climb again, it may indicate that the continuation of the uptrend is more sustainable. However, if it continues to drop to 40 or lower, it may indicate a weakening of bullish power, adding a deeper pullback risk.

PI price forecast: Which range will PI price be launched?

PI network The price chart shows its Exponential Moving Average (EMA) The lines indicate that the bullish momentum is still intact and the short-term EMA is still in the long-term EMA.

This consistency suggests that buyers continue to dominate and maintain the trend for the time being. If this positive momentum continues, PI could push towards key resistance levels at $68.7.

But, if Altcoin gradually disappearsthe price may face a pullback, testing the latest support price at $53.50.

Losing this level may cause further disadvantages, and PI price It could drop to $40.8 or even $33.7, with potential prices set to range from $40.8 to $68.7 during the launch period.