Pi Price Aims At Reversal From $1.6 Despite Bearish Macro Cues
The price of PI Network fell sharply, with its price dropping from its all-time high (ATH) of $3.00. Despite the increasing market recession, investor sentiment remains optimistic, allowing PI to resist extreme losses.
Now trading at close to $1.60, Altcoin is positioning a potential reversal aimed at restoring the lost ground.
The goal of PI network is recovery
Moving average convergence difference (MACD) indicators indicate potential Bullish pi coins crossover. If the MACD line crosses the signal line, it indicates bullish momentum. The shift of histogram from red to green will further confirm the possibility of a trend reversal.
Investor support plays a key role in maintaining this momentum. If the purchase pressure increases, the price of PI Network can consolidate its upward trend, mitigating further disadvantages.
Despite signs of recovery, the relative intensity index (RSI) Stay below the neutral 50.0 mark, indicating lingering bearish sentiment. Until RSI crosses bullish territory, PI network price moves upward May remain slow and uncertain. The wider market environment continues to challenge Altcoins.
Strong push from investors can accelerate momentum, but the macro outlook remains cautious. If RSI is still suppressed, the recovery of PI may be gradual rather than immediate.
PI price can see the profit
Pi Coin hold Above $1.59, trying to get back to the $2.00 resistor. Beyond this level is crucial to reverse the recent losses. If PI manages to build support above $2.00, it may indicate reinvestor confidence.
Supported by technical metrics and buying momentum, getting $2.00 in support can open the road to its ATH $3.00. A successful breakthrough could lead to price discovery, thus allowing PI to create new highs. However, it depends on the wider market sentiment remains stable.
The downside is bearish pressure. Pi coins can Lost $1.59 in support. A drop below this level could put the PI into $1.43 or even $1.19, which invalidates bullish papers. This will indicate a longer correction, thus delaying any potential recovery.
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.
