PICoin
399,679 views
102 Posts
Hot
Latest
Recent increases in crypto activities be it in the game sites, social media sites, e-commerce sites, etc. indicates an increase in the crypto usage volume hence an increase in the Fiat value of the crypto coins/tokens.
This justifies why the PI Network core staff is so keen to encourage the growth of the PI ecosystem.
Because as the volume of crypto usage increases, the value of crypto assets also increases.
Please understand that the present hike in the crypto prices due the current Bull run, must not be confused with the natural growth of the would be value of PI Coin due to the usage in the PI ekosystem.
#Write2Earn #PINetwork #PICoin
This justifies why the PI Network core staff is so keen to encourage the growth of the PI ecosystem.
Because as the volume of crypto usage increases, the value of crypto assets also increases.
Please understand that the present hike in the crypto prices due the current Bull run, must not be confused with the natural growth of the would be value of PI Coin due to the usage in the PI ekosystem.
#Write2Earn #PINetwork #PICoin
๐ Will the bulls be able to retain the $50 mark for the PI coin? Let's dive into the analysis and see what the charts are telling us. ๐๐ก
It's been a turbulent ride for PI coin, with a selloff from the strong resistance at $100 and a subsequent fall below the $50 support zone. ๐ฌ The trend is bearish, and further short additions could lead to a correction in the near future.
Currently trading at $38 with an intraday gain of 4.53%, PI coin reflects bearishness on the charts, with a monthly return ratio of -27.70% and a yearly gain of 53.90%. Analysts remain neutral, suggesting that the coin may retest the demand zone of $25 soon. ๐๐ฐ
The daily timeframe shows massive volatility, with sharp pump-and-dump activity leading to fluctuations in recent weeks. Despite a gigantic up move of over 238% in early March 2024, bulls struggled to maintain gains, resulting in an 80% slippage. However, the coin still hovers above the midline and has potential to retain the $50 mark. ๐๐ฅ
Technical indicators favor the bear army, with most signals reflecting a sell sentiment. While some indicators remain neutral and a few signal a buy, overall the trend is undecided. Buyers must hold the $50 mark and sustain above the 20-day EMA to fend off bearish pressure. ๐ป๐
With the PI coin trading above the 23.6% Fib retracement zone but below the mid bollinger band, seller dominance is evident. It's a critical time for investors to stay vigilant and monitor key levels to navigate the market successfully. ๐ผ๐
Stay tuned for further developments and keep an eye on those crucial support and resistance levels! ๐๐ฎ #PICoin #CryptoAnalysis #BullVsBear ๐๐๐ป
Follow | Like โค๏ธ | Quote ๐ | Comment๐
It's been a turbulent ride for PI coin, with a selloff from the strong resistance at $100 and a subsequent fall below the $50 support zone. ๐ฌ The trend is bearish, and further short additions could lead to a correction in the near future.
Currently trading at $38 with an intraday gain of 4.53%, PI coin reflects bearishness on the charts, with a monthly return ratio of -27.70% and a yearly gain of 53.90%. Analysts remain neutral, suggesting that the coin may retest the demand zone of $25 soon. ๐๐ฐ
The daily timeframe shows massive volatility, with sharp pump-and-dump activity leading to fluctuations in recent weeks. Despite a gigantic up move of over 238% in early March 2024, bulls struggled to maintain gains, resulting in an 80% slippage. However, the coin still hovers above the midline and has potential to retain the $50 mark. ๐๐ฅ
Technical indicators favor the bear army, with most signals reflecting a sell sentiment. While some indicators remain neutral and a few signal a buy, overall the trend is undecided. Buyers must hold the $50 mark and sustain above the 20-day EMA to fend off bearish pressure. ๐ป๐
With the PI coin trading above the 23.6% Fib retracement zone but below the mid bollinger band, seller dominance is evident. It's a critical time for investors to stay vigilant and monitor key levels to navigate the market successfully. ๐ผ๐
Stay tuned for further developments and keep an eye on those crucial support and resistance levels! ๐๐ฎ #PICoin #CryptoAnalysis #BullVsBear ๐๐๐ป
Follow | Like โค๏ธ | Quote ๐ | Comment๐