Pi Network (PI) Price Predictions for This Week (June 16)

PI reclaims $0.13 as patrons return. How high can it go?

PI Network (PI) Price Predictions: Analysis

Key assist ranges: $0.13

Key resistance ranges: $0.16, $0.20

PI Finds a Local Bottom

At the time of this put up, PI seems to have discovered a neighborhood backside at $0.13 and is holding effectively above this stage. As lengthy as patrons can preserve the worth above this key stage, the chart will lean bullish.

While the worth made a decrease low, the day by day RSI made the next low, confirming a bullish divergence. That hints at a attainable finish to this downtrend. To get confidence in that, the worth must reclaim $0.16 after which $0.20.

Buy Volume Remains Low

While the worth is slowly grinding greater, quantity stays low and is declining. This shouldn’t be very best, because it makes patrons seem shy, and any push from sellers might simply reverse the current features.

Ideally, any push greater is confirmed by a rise in purchase quantity. Anything lower than that would find yourself as a bull entice whereby patrons find yourself caught as quickly as bears make their presence felt on the order guide.

Daily MACD Turns Bullish

The momentum indicators, together with the day by day MACD, give a transparent bullish bias. This has been ongoing for the reason that value reclaimed $0.13 and held above it. It is probably going that the worth will proceed to rise not less than to $0.16, the place the primary main resistance is discovered.

Hopefully, patrons will handle to collect sufficient energy and quantity to interrupt that key resistance. On the opposite hand, a rejection there would doubtless encourage sellers to return, which might see PI fall again to $0.13 in fast succession.

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