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The price of PI and business activity decreased on the days of “Pi Day”, an event where the main team introduced several ecosystems updates.
According to CoinMarketcap, the 8-day volume of trading pi below $ 100 million-on Sundays, only $ 46 million was exchanged.
This constant decline in interest indicates the weakening of momentum and supporting and Prediction of the Bearish Pi coin price to the nearest term.
Daily unlocking the token for pi It will remain relatively high until July 10, which means that sales pressure could accelerate this week until the rate at which the token’s offer increases slows.
On this date, 14.6 million chips will be released. The day after that number will drop to 10.6 million and will gradually drop to only 4 million within August.
This reduced sales pressure could help pose the impact of a further decline.
PI PI: Pi Pi PI will break under key support and could re -test its historic low levels
The 4 -hour graph Pi shows the bear escape from the key level of support to $ 0.475, which could predict the upcoming repeated test of the historic minimum token of $ 0.40.
During Pi Day, the main team launched a controversial zero reward program that allows users to evaluate their favorite PI ecosystem applications without getting any benefits.
It is probably a unheard design in a crypto ecosystem, because the mechanisms for download always offer reward to investors in exchange for help secure the network or reduce the token.
Looking at the technical indicators, the relative force index (RSI) is still below 50 and directed down after repeating and rejecting movement over $ 0.475. This has failed repeated testing favors the prediction of the price of bear at coin and increases the likelihood of moving to $ 0.40.
When Pi tries to meet expectations and lose momentum on graphs, some traders focus on fresher opportunities with greater upwards.
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Contribution Predict PI PI prices: Daily volume collapses below $ 100 million – are the whales unload and disappear forever? He appeared for the first time Cryptonews.
