PI below $0.22 $0.22 above $0.22 Trend: Confirm forecast
key atways
PH will drop 2% in 24 hours and if the owner's trend continues, it can drop below $0.22.
The technical perspective shows short-term risk.
Ph.D. crop low weak technical techniques
Pi Network (PI) has been dropping for the last three days and below the support buttons. Central Exchanges (CEXES) indicated an increase in inflation pressure.
The data from Piscan shows that the users of the PI network deposit (KBBUT) have recognized 2.75 million PI tokens in the last 24 hours. Deposits are much higher than the 1.76 million tokens released. Therefore, the flow of CCXS shows that investors may be selling some of their holdings.
Will the PO network fall below the $0.22 support line?
The PI / US dollar chart has lost 2% of its price in the last 24 hours and is effective. From October 22 and It is the restoration of the local support trend line made in November 4.
At press time, PP is at $10.2267 at $0.2267. Technical indicators are bearish, suggesting further downward movement. If the trend continues from 37 AD. The macro lines are also in the flower region.
If the trend continues, PIS dropped below $0.2204 with another major support around the $0.1919 range.
However, if the ladies are in control, the PI can look at last week's high of 0.2841. An extended bullish streak will allow it to trickle below $0.3220 on August 1st.
However, the current market conditions are expected to be maintained in the next few days.
