Pi Network (PI) Price Predictions for This Week (June 30)

PI is down 11% this week after shedding its key help at $0.13. Where will it go subsequent?

PI Network (PI) Price Predictions: Analysis

Key help ranges: $0.10

Key resistance ranges: $0.13, $0.16

PI Falls Towards $0.10

With the help at $0.13 misplaced, PI is down 11% on the weekly chart. This newest push from sellers has seen the worth nosedive in the direction of the important thing help at $0.10. At the time of this publish, the worth was discovered round $0.11.

It’s unlikely that this cryptocurrency will discover any aid till it reaches 10 cents, a key psychological stage. Buyers could also be tempted to return there, but it surely’s nonetheless too early to say if they are going to be profitable in stopping the downtrend there.

Downtrend Resumes

With help misplaced, PI resumed its downtrend. This means the underside might take fairly a bit longer to achieve, and the worth will sadly proceed to fall till patrons return. So far, purchase quantity has been very weak and sporadic.

In the final two weeks, sellers completely dominated the chart, which additionally explains the latest lack of help. Bulls tried to carry at $0.13, however they solely managed a quick aid in early June, which was not sufficient to cease the bearish momentum.

RSI Shows Bears are in Control

Since May, the every day RSI has been hovering beneath 50 and has by no means managed to go above it. That’s an especially bearish sign because it reveals patrons don’t have any management over the worth motion.

Moreover, the RSI lately fell beneath 30, putting it within the oversold space. However, PI has visited this space repeatedly since May, which is simply one other signal of weak point and never a purchase alternative.

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