PI continues to slide deeper into bearish territory, with technical indicators signaling mounting selling pressure. The Elder-Ray Index on the daily chart has remained negative since July 12, reflecting consistent dominance by bears and a clear lack of bullish momentum.
With sentiment firmly tilted to the downside, the $0.43 support level is now under threat. A breakdown below this threshold could pave the way for a retest of PI’s all-time low at $0.40. Traders should watch this zone closely, as it may serve as a critical pivot for price direction.
That said, any resurgence in buying volume could spark a short-term recovery and shift momentum. Until then, caution is warranted.
With sentiment firmly tilted to the downside, the $0.43 support level is now under threat. A breakdown below this threshold could pave the way for a retest of PI’s all-time low at $0.40. Traders should watch this zone closely, as it may serve as a critical pivot for price direction.
That said, any resurgence in buying volume could spark a short-term recovery and shift momentum. Until then, caution is warranted.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Full story here beincrypto.com/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.