The context: after a launch that has been talked about a lot, the Network Pi falls in anonymity, impatiently awaiting positive catalysts that can raise its course. The uncertainty surrounding the price of the PI suggests that the network could go towards a new historic lower. Fund releases for the ADX (Average Direction Index) recently crossed the 25.0 threshold, indicating that the current downward trend is gaining power. This advance is a worrying signal for the price of the Network PI. Indeed, since if the downward trend is strengthening, it could be very difficult for the Pi token to raise its head in the short term. With the ADX pointing to a renewed force, the pressure on prices should intensify. The growing force of the downward trend is amplified by the uncertainty of investors. Now many people call into question the long -term viability of the room. Due to this uncertainty, sales could soon sign their return. Especially since the token has trouble finding a solid base to straighten and find a new request. Pi Network adx. Source: TradingView the macroeconomic momentum of the PI also has a dark picture for the native token. The Chaikin Money Flow (CMF) indicator, which measures the incoming and out of a room volume, has been deeply negative. Although there has been a slight increase, the indicator remains in a negative zone, indicating that investors are always reluctant to buy the room. The slight increase in CMF reflects minor capital entries. However, joy could be short -lived if skepticism persists. With hesitant investors and outings that continue, there are many challenges for the price of the Network PI. The current trend suggests that more funds may occur if the room reaches a new historic low. CMF network. Source: TRADINGVIEVVIE The Cours du Ameton approaches a new bottom The PI is currently exchanged at $ 0.70, just above its historic lower located at $ 0.62. Altcoin experienced a 12.8 % drop in the last 24 hours after failing to reclaim the $ 0.87 as a support. This failure to regain the previous support levels shows a continuous lack of confidence on the part of investors. If the downward trend persists, cryptocurrency is likely to fall below its level of support located at $ 0.62. In the worst case, it could even fall to $ 0.50, establishing a new ATL at the same time. If the feeling of the market remains the same, the decrees should be there. Network PI PSA analysis. Source: TradingView The only way to reverse the lower perspective is that investors change their approach and take advantage of the low price to buy. Increases of increased funds could potentially bring up the price of the Network PI above $ 0.87. Finally, if he exceeds the dollar, the token would resume critical support and would signal a possible recovery for Altcoin. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines 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.
