Pi Coin Price Prediction for March 12 | Airdrop Alert Pro

After a eased rebound over the past two days, PI Network (PI) is approaching a critical critical phase that will determine its fate in the next few weeks. The valuation of the large Altcoin is fully diluted by about $16.3 billion, with an average daily trading volume of about $405 million, and over the past two days, trading at the early European conference on Wednesday, March 12 was about $1.48.

As a result, PI coins are the hottest crypto asset on Coingecko in the past 24 hours, indicating an increase in penetration among speculative traders.

Today’s PI coin price forecast

Over the 1 hour time frame, the PI price has been solidified in a symmetrical triangle pattern for the past four days. After the relief rebound in the past two days, PI price is now retesting the upper boundary of the symmetrical triangle pattern.

• Please read also:
• PI Network News: Users sell accounts in mainnet migration issues
• ,,,,,

As Coinpedia previously pointed out, PI price A reversal pattern has been confirmed, characterized by head and shoulder formation and a bearish difference from daily Relative Strength Index (RSI). Therefore, the chance of reversing to lower lows remains high over the next few days.

Additionally, a clear picture of bearish sentiment is shown in the time range of zooming to a 5-minute. It is worth noting that the PI price has formed a potential double-top coupe with the bearish RSI in the five-minute candlestick. Therefore, a consistent drop below $1.46 will eventually lead to a further drop to the lower boundary of the symmetrical triangle pattern.

However, a consistent approach above the upper boundary of the symmetrical triangle pattern will lead to bullish sentiment in the coming days.

FAQ