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PI has been on a steady downtrend since February 26, shedding 72% of its value as bearish sentiment continues to weigh on the token.
The PI token has been on a steady downtrend since February 26, shedding 72% of its value as bearish sentiment continues to weigh on the token.
The PI token has been on a steady downtrend since February 26, shedding 72% of its value as bearish sentiment continues to weigh on the token.
This is supported by the fact that the Chaikin Money Flow (CMF) is also below the central line at -0.12, further indicating that traders are engaging more in distribution than accumulation.
This lack of demand is also evident in the fact that the PI/USD pair has not yet broken above the resistance at $0.86, which could propel the token to a high of $1.01.
However, if the sellers manage to push the PI token lower, it could revisit its all-time low of $0.40.
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