will pi overcome the market volatility struggle ? Will it have a fixed value and how long will it take to become a crypto beast? Here’s a quick breakdown of the chart and its indicators:
1. Current Price:
The current price is $63.83, with a 5.05% decline in the past 24 hours.
2. Price Movement:
There was a significant peak around $147, and the price declined steadily from there.
It stabilized around the $60-$70 range before a small increase followed by the current decline.
3. EMAs (Exponential Moving Averages):
EMA (7) (yellow): Currently around $65.68. It is tracking short-term price movements.
EMA (50) (blue): At $71.60, indicating a longer-term trend.
EMA (100) (purple): At $71.51. This suggests a broader trend is also downward. The price is below all EMAs, which indicates a bearish trend.
4. Performance Over Time:
24 hours: Down 5.56%.
7 days: Down 23.30%.
30 days: Up a massive 5376%.
90 days: Still up by 16.38%.
Year-to-date (YTD): Up 28,873%, showing a huge increase since the start of the year. Key Observations:
The short-term trend is bearish since the price is below all EMAs.Despite the current decline, the longer-term performance remains highly positive, indicating a potential for volatility.