PI Network technicals: Bulls need make dem break $0.20; $0.15 support dey for focus
Crypto traders dey watch PI Network (PI) after e drop from about $0.30 go around $0.17, plus price don jam near $0.18. The latest update show say market dey for correction phase we fit continue if PI no fit take back key resistance.
Key levels for PI never change: $0.20 na near-term bullish trigger, while $0.15 na the key downside level if buyers continue to stall around $0.18. The article still mention extra overhead resistance near $0.28.
Momentum still bearish. PI daily RSI still under 50, and the piece talk say confidence for reversal low unless RSI fit recover (around the swing high area near low-50s). Volume too dey give mixed signals: sell volume dem talk say e “crashed,” which fit reduce selling pressure, but e never yet turn to clear bullish turnaround.
Bottom line: watch whether PI fit regain $0.20 to improve chances of recovery; otherwise traders suppose prepare for test of $0.15.
Bearish
Both articles dey frame PI Network (PI) as dey for correction/cooling phase after e lose momentum from about $0.30 area and stall near ~$0.18. The latest update no add any clear bullish reversal confirmation: RSI still dey below 50, and the observation say “sell volume crashed” na interpreted as reduced selling pressure rather than confirmed turn. For traders, the practical setup still conditional: to reclaim $0.20 needed to better the odds, while if e no do am $0.15 remain the most likely downside magnet. Until PI improve momentum (RSI recovery and clean break above $0.20), the near-term bias still bearish.