Currently, 
PIUSDT is trading at $0.385, having failed to breach a crucial resistance at $0.440. This resulted in a 12% decline over the last three days, solidifying the ongoing three-month downtrend. The inability to break through key resistance levels has left Pi Coin vulnerable to further losses.
PIUSDT price is now just 16% away from its ATL of $0.322, and mixed sentiment from technical indicators suggests that it may not hit this level in the immediate future. The altcoin is likely to attempt a bounce from its current support at $0.362.
However, if the broader market conditions worsen or investor sentiment turns more pessimistic, a drawdown could be imminent. This may leadPIUSDT to breach its support and fall to $0.322, invalidating the current bullish-neutral outlook. In this case, Pi Coin could form a new ATL, pushing its price even lower and intensifying the downtrend.
PIUSDT is trading at $0.385, having failed to breach a crucial resistance at $0.440. This resulted in a 12% decline over the last three days, solidifying the ongoing three-month downtrend. The inability to break through key resistance levels has left Pi Coin vulnerable to further losses.PIUSDT price is now just 16% away from its ATL of $0.322, and mixed sentiment from technical indicators suggests that it may not hit this level in the immediate future. The altcoin is likely to attempt a bounce from its current support at $0.362.However, if the broader market conditions worsen or investor sentiment turns more pessimistic, a drawdown could be imminent. This may lead
PIUSDT to breach its support and fall to $0.322, invalidating the current bullish-neutral outlook. In this case, Pi Coin could form a new ATL, pushing its price even lower and intensifying the downtrend.
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Truly Unbiased Cryptocurrency News beincrypto.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.