Will the PI network return in May?

Many investors facing this poor performance seriously question the future of the PI network, especially because the token price is trying to show signs of improvement.

Altcoin benefits from some items

Despite the decline in the Chaikin Money Flow (CMF) indicator, it shows that the network observed some of the fund’s posts. However, this increase remains blocked in the negative zone, the remaining under the zero line. This suggests that despite occasional inputs, the outputs remain dominant, now altcoin pressure.

The negative CMF value suggests that the sales pressure is still largely controlled by the movement of PI network. Although there is some positive activity on the market, it is not enough to overcome the dominant trips of this asset.

Lack of investors support is caused by basic problems with PI Network. Alvin Kan, COO from Bitget’s wallet, went in that direction and said Beincrypto:

“The initial boom in the Pi network was mainly powered by expectations and years of community mining, but the rest was more discreet.

Correlation of a network pi course with a pin of bitcoins is also a problem. At present, he shares correlation -0.11 with bitcoins and therefore indicates a reverse relationship. This means that whenever Bitcoin has a ascending dynamics, PI tends to decline.

While Bitcoin is approaching $ 100,000 again, the network of the network could try to take advantage of the potential BTC profits and risk undergoing new repairs.

Given the power of bitcoins, it could therefore continue to reduce PI, its price generally developed in the direction of the opposite to the increase in BTC. This opposite correlation suggests that even if Bitcoin reaches new heights, it may not benefit from the Global Market Assembly and can cope with further pressure.

What would you need during the PI network to reverse her race?

The price of the network PI has dropped by 15 %in the last month, currently $ 0.6077. The price drop, especially after the main expectations surrounding the tokens, caused some frustration among its investors. While sales pressure increases, it seems that more and more investors are gaining their pi funds, causing continuous losses per token.

If this trend continues and the Bitcoins course will continue to rise, so altcoin could experience a new decline. Negative correlations with bitcoins could actually lead to at the level of $ 0.6077 to support $ 0.5192. If this trend persists, Altcoin could approach its historical DNA of $ 0.4,000, which further aggravated its losses.

So for now, the vigilance remains the best choice for every investor.

Although the novelty of the Pi Minage network allowed a stormy start on the mobile device, it faded quickly, which was then felt in terms of its price.

“Mobile mining and sponsorship model of the network of the network helped him build a massive user base, but also raised doubts about its sustainability. Although the project specifies that it does not follow the structure at several levels, concerns about its perceived insufficient transparency and specific applications.”

However, if market conditions are improving and the feeling of investors changes, the price of the network could have a chance to straighten. The passage of the resistance of $ 0.8727, followed by its transformation to support, could therefore point out a turnaround. This would place a pi on the dollar for a unit, canceling the current lower perspectives and opening the way to potential growth.

Morality of History: It will survive more than one Cicada song to survive the holy ice cream of May.