Can he find his ATH and go to $ 3?

This renewed purchase pressure suggests that the pi bruises have regained control. From now on, the latter aim to find the historic top of the token (ATH). Pi finds bullish force: new trend in sight? After reaching an ATH $ 3 on February 27, the PI experienced a very logical profits. Consequently, the asset course saw its price drop to a minimum of $ 1.51 on March 2. However, the price of the PI has since rebounded, indicating a change of feeling on the side of the market while the bullish try to regain the upper hand. The key technical indicators, including the balance of power (BOP), highlight the growing force of buyers on the market. At the time of writing, this indicator is in an upward trend and even at its 0.92 ATH. Pi bop. Source: TradingView The BOP of an active ingredient measures the strength of buyers and sellers by analyzing the course movements over a given period. When its value is positive, this indicates that buyers have control, raising the lessons. This trend suggests that a positive momentum is being built. In the end, this will help strengthen the upward trend of the PI and the possibilities of finding the ATH at $ 3. In addition, the Chaikin Money Flow (CMF) of PI confirms the increase in demand for the part. This indicator, which measures the monetary flows which come out of an asset, is above the zero line at 0.08. Pi cmf. Source: TradingView A positive value of the CMF as this indicates the return of a strong purchase pressure, showing that PI is experiencing influx of incoming capital. This suggests that demand for Altcoin goes beyond supply, revealing new course gains. Altcoin faces a critical resistance on a four-hour graph, PI maintains above its $ 1.97 support. If the request for the part is strengthening, the Altcoin could exceed its resistance at $ 2.12. This could potentially give enough momentum to find your ATH around $ 3. Analysis of the PI course. Source: TradingView, however, the drop in demand could drop out of the price on its course. Especially since more than 188 million tokens have been distributed to more than 1 million investors. This could exert pressure for sale. If the demand decreases, PI could lose its recent gains and drop below $ 1.62 to negotiate $ 1.34. Notice of non-liability Notice of non-responsibility: In accordance with the directives of The Trust Project, this article of price analysis is only intended for information purposes and should not be considered as financial or investment advice. Beincrypto undertakes to provide exact and impartial information, but market conditions may change without notice. Always carry out your own research and consult a professional before making any financial decision.

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