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.
