PI IoU Price Drops Before Official Mainnet Launch
PI Network (PI) IOU Price represents the market valuation of PI before its official launch. With the establishment of expectations, PI’s valuation is very volatile. One of the most hyped crypto launches of all time, PI Network’s open network will be available on February 20, causing users to question what its actual issuance price is.
Recent technical indicators show that Pi iou is at a critical position, with both trend intensity and motivation showing potential signs of powerlessness. Whether the price will further break down or a strong rebound remains a key issue for traders before the mainnet release.
PI DMI indicates a possible strong downward trend
PI network It attracted a lot of hype before its official launch, Search interest reaches a new high. From a technical point of view, its PI’s DMI chart shows its ADX of 45.2, down from yesterday’s 55.8. ADX (Average Directional Index) measures the intensity of the trend, with a value above 25 indicating a strong trend, and a trend below 20 indicating weakness.
Readings above 50 usually mark a trend to overheat and may slow down. Although PI’s ADX is still strong, its decline indicates that the trend is losing some momentum but is still intact.
+DI dropped sharply from 55.5 to 23.6, while -DI rose from 3.3 to 16.5. This shift indicates a weakening of bullish pressure and the strength of holding bearish forces, which may lead to more corrections Buyers still maintain their advantage.
PI’s EMA line is still in a bullish setting, with short-term lines above being long-term lines, thus enhancing a wider uptrend. However, if ADX continues to decline and -DI surpasses +DI, it may indicate a trend reversal or consolidation.
PI RSI falls down after contacting 86
PI network RSI Currently it is 40.5, down more than 70 days from 86.2 two days ago.
Relative Strength Index (RSI) measures momentum on a scale of 0 to 100 with a value above 70 indicating excessive conditions and below 30 indicating overselling levels.
A sharp decline like this often indicates a potential shift in weakening buying pressure and market sentiment, as communications like binance have always relied on Community votes to decide whether to list assets.
Now Pi’s RSI is now 40.5, which indicates that the asset has Losing obvious bullish momentum But it has not yet reached oversold territory. This level means the seller is under control, but the price action remains uncertain.
If the RSI continues to fall to 30, it may indicate further disadvantages, while stabilizing around 40 may indicate a merger before the next step.
PI price forecast: Current price is consistent with potential issue price
PI network The EMA line is still bullish, and the short-term line is still higher than the long-term line, but because Pi iou price has dropped by more than 8% in the past 24 hours.
If this downward trend continues, a death cross may be formed, which is usually a bearish signal before further declines.
If a death cross occurs, Pi iou can test support for $53.3, while losing that level may be as low as $33.6.
However, if the price rebounds, it may target the $100 limit, with the potential upward time of the current level being 38%.
This coincides with the latest technical perspective discussed by Beincrypto Possible startup prices for PI networks.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
