cryptd.in

Alternatívna sieť LinkedIn pre talenty podporujúce kryptografiu

Pi Network (PI) Price Predictions for This Week, May 20

-

podľa

cryptd.in
na stránke

PI loses key support. Where will buyers return?

PI Network (PI) Price Predictions: Analysis

Key support levels: $0.15, $0.13

Key resistance levels: $0.16, $0.20

PI Loses Key Support as Sellers Return

Since late last week, selling has intensified, which put pressure on the $0.16 support until this level could not hold any longer and broke. Because of this, it is now acting as a key resistance.

This breakdown could be interpreted as a resumption of the macro downtrend after a long pause that started in February when the price began to move sideways. To confirm the downtrend, the price will need to make a lower low under $0.13.

pi_price_chart_2005261
Source: TradingView

Bears Take Over the Price Action

Since PI lost support at $0.16, bears drove the price down to $0.15. Here, buyers appear to make a stand, but their conviction appears weak considering the low buy volume.

If buyers are unable to reverse this price action soon, then this cryptocurrency will likely test the all-time low at $0.13. A re-test of that level would be a bearish signal that could encourage sellers to push the price even lower.

pi_price_chart_2005262
Source: TradingView

Daily RSI Enters Oversold Area

Due to nonstop selling over the past five days, the daily RSI fell below 30 and entered the oversold area. This could explain why buyers may be interested here since a bounce is likely.

Sellers may need a break before they resume their pressure, which can give an opening for buyers to push back. However, any bounce may be short-lived, and a test of the key $0.13 support remains likely.

pi_price_chart_2005263
Source: TradingView

Príspevok Pi Network (PI) Price Predictions for This Week, May 20 sa objavil ako prvý na CryptoPotato.

Komentáre

Pridaj komentár

Vaša e-mailová adresa nebude zverejnená. Vyžadované polia sú označené *

Najnovšie kanály

Obľúbené kategórie

sk_SK Slovenčina
sk_SK Slovenčina en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sl_SI Slovenščina sv_SE Svenska

Vyhľadávanie na webovej lokalite

Populárne príbehy

Značky

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (442) #BitcoinETF (3) #BitcoinFundamentals (1) #BitcoinHandling (1) #BitcoinPrice (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #BVšetko, čo potrebujete (1) #BracebridgeCapital (1) #BRC20Tokeny (1) #BTCakvizícia (1) #BullishPrediction (1) #BullishSentiment (1) #ChineseMining (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) 1TP5DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (70) #EthereumPain (1) #EthereumPrice (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #Finančný vplyv (1) #FinancieSúkromie (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investície (1) #InvestmentLoss (1) #JapaneseFirm (1) #LegalAction (1) #Právny vplyv (1) #Legislatíva (1) #LightningNetwork (1) #M Analýza trhu (3) #M Monitorovanie trhu (1) #M Predpoveď trhu (1) #M Predpovede trhu (1) #M trhová projekcia (1) #M MarketSupport (1) #MVolatilita trhu (1) #M manželstvo (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitability (1) #M Pranie peňazí (2) #MtGox (4) #NorthKoreaCrypto (1) #NovogratzPredpoveď (1) #PriceMilestone (1) #PcenaPredpoveď (2) #Prieskumná otázka (1) #PriceSurge (1) #PrisonSentence (1) #QuantAnalysis (1) #Regulačný tlak (1) #SECAntiCrypto (1) #ShibaInu (6) #SocialBuzz (1) #Technická analýza (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XR Cena (1) #XRPupswing (1)

Užitočné odkazy

Odkazy, ktoré som našiel užitočné a chcel som sa o ne podeliť.