PI has fallen back into its descending trendline after a brief breakout on June 25 failed to hold. Selling pressure remains dominant, increasing the risk of a drop toward the all-time low at $0.40.
If bearish momentum persists, further downside is likely. However, a spike in demand could invalidate this outlook and push PI back toward the $1.01 resistance.
If bearish momentum persists, further downside is likely. However, a spike in demand could invalidate this outlook and push PI back toward the $1.01 resistance.
Full story here beincrypto.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Full story here beincrypto.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.