The daily PI (PI) price scheme reveals a clear compression of the price which can cause emerging penetration to the predictable duration.
The PI price (PI) increased by 0.6% in 24 hours to reach $ 0.5818 in light of the recently dominant sales pressure, and negotiation volumes have decreased considerably to approach $ 38.4 million after the daily negotiation volume reached approximately 1.5 billion dollars at the start of the start; Usually, the low negotiation volume indicates a drop in the interest of traders, and the price is currently stabilized in a narrow beach which is often followed by a large increasing breakthrough. During our expectations for the price of the IP, we will talk about the possibility of increasing new high levels, or its decrease in the decline in levels of support for fluctuation light on the horizon.
On the other hand, the CONNUTE OF CUSTOME PI continues to increase rapidly with the abolition of more currencies and its owners move to the main network, which negatively affects the expectations of PI prices, and the monthly cancellation calendar of the reservation indicates the addition of 223 million PI currencies to the circulation of the offer during this month and approximately 455 million currencies in May and June, which means that the supply of 60%.
The expectations were also affected by the coinbase and dumpsters (binance) in the insertion of the IP because of their refusal to submit to complex network protocols to guarantee the identity of companies (KYB).
Pi aspects: relative stability, a narrow range that promises a large growing hacking
The Bollinger band index reveals a remarkable compression of the price movement in light of the upper and lower lines of the index in an unprecedented manner since the launch of the main network of the PI network project; It is likely to take the price as an ascending path after having exceeded the upper line of the index with a high volume of trading.
It can exceed the level of $ 0.6,000 to improve the currency horizons, and the current level of support must be monitored at the lowest price levels recently recorded at $ 0.5,700, while momentum indicators are likely to start upward movement. In addition, the graphic plan reveals within an hour’s part for the RSI reading index, and the price exceeds the simple medium movement index for 14 days (SMA-14), while the MacD index remains in a positive domain with its upward movement in recent times, and in the event that the price can exceed the average price of movement if (EMA) for 200 hours.
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The message will you see Pi Network? Bolinger Band Index indicates that a nearby update appeared first on Arab Cryptonews.
