On December 30, 2022, #PI crypto peaked at $345, marking its all-time high. Since then, its price has plummeted by 87%.
#PI crypto price trapped in a symmetrical triangle, consistently rejected by dynamic trendlines.
$PI price broke out above the pattern but failed to sustain above the breakout zones.
The breakout attempt failed, triggering a significant sell-off in the crypto's price. Consequently, the price reverted back inside the symmetric triangle pattern.
Breaking above the pattern and sustaining beyond breakout zones could lead to a significant price surge in the crypto.
PI crypto's price rises, finding support at the 200-day EMA. A golden cross forms between the 50-day and 200-day EMAs, with the price surpassing the 20 and 50-day EMAs.
Breaking $52.50 resistance could lead to testing $62, with potential for surpassing $100 thereafter.
According to Coingabbar Prediction, Alternatively, a downtrend could drop PI's price to $35 support, potentially testing $18 support after breaching immediate support.
KEY LEVELS :
RESISTANCE LEVEL : $63.00-$95.00
SUPPORT LEVEL : $33.00-$17.00
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Also read: Polkadot Price Prediction: Will DOT Smash Through $10 hurdleLokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Cryptocurrency mining news Cryptocurrency mining news