Pi Coin Price Forecast: Will This Mobile-Mined Penny Token Break Into the Top 50? – Coincu
The post Pi Coin Price Forecast: Will This Mobile-Mined Penny Token Break Into the Top 50? – Coincu appeared on BitcoinEthereumNews.com. The mobile friendly mining coin Pi made headlines lately with its mainnet launch on February 25 and everyone who is holding Pi would like to know whether this will make it to the top 25 from its current #37th position. In case you also want to try other projects letting you explore a whole new arena, $APORK could be an option to explore. But let’s first get started with what’s pushing the Pi Mania to the moon. Top Factors Pushing Pi Network To the Top 25 Coins List At the time of writing, Pi Network has seen a total of 55 M token unlock which has anchored the narrative of a bearish pattern building up for the Pi Network pushing the token away from even the top 50 list. But this is just the tip of the iceberg because the long term upsides are showing a different pattern in formation; Support Levels have Not Diluted In Last few Days In the last couple of days, Pi has been trading at around $0.64, which is ending up as its critical support levels. As you can see in the chart that despite the falling RSI levels, Pi is holding on to the price points. This is generally happening because investors are reasonably optimistic about the future in the midst of the ongoing wars and uncertainty in the market. ATR Down, But High Investor Activity Usually ,the health of any token is measured by the volatility that it can generate in a shorter time frame. At the time of writing, Pi Network’s ATR is holding at around $0.012 to $0.03, which though is signalling that it has entered a consolidation phase, but the PiScan report has somewhat negated the bearish sentiments because in the last 24 hours, on an average, more than 72,000…
The post Pi Coin Price Forecast: Will This Mobile-Mined Penny Token Break Into the Top 50? – Coincu appeared on BitcoinEthereumNews.com.
The mobile friendly mining coin Pi made headlines lately with its mainnet launch on February 25 and everyone who is holding Pi would like to know whether this will make it to the top 25 from its current #37th position. In case you also want to try other projects letting you explore a whole new arena, $APORK could be an option to explore. But let’s first get started with what’s pushing the Pi Mania to the moon. Top Factors Pushing Pi Network To the Top 25 Coins List At the time of writing, Pi Network has seen a total of 55 M token unlock which has anchored the narrative of a bearish pattern building up for the Pi Network pushing the token away from even the top 50 list. But this is just the tip of the iceberg because the long term upsides are showing a different pattern in formation; Support Levels have Not Diluted In Last few Days In the last couple of days, Pi has been trading at around $0.64, which is ending up as its critical support levels. As you can see in the chart that despite the falling RSI levels, Pi is holding on to the price points. This is generally happening because investors are reasonably optimistic about the future in the midst of the ongoing wars and uncertainty in the market. ATR Down, But High Investor Activity Usually ,the health of any token is measured by the volatility that it can generate in a shorter time frame. At the time of writing, Pi Network’s ATR is holding at around $0.012 to $0.03, which though is signalling that it has entered a consolidation phase, but the PiScan report has somewhat negated the bearish sentiments because in the last 24 hours, on an average, more than 72,000…
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