PIUSDT current price of $0.44 is holding just below the resistance of $0.45, a critical level for the altcoin. However, with the ongoing downtrend, this resistance is proving difficult to breach. The altcoin has faced continuous declines for the past two months, and without significant support, it remains susceptible to further drops.PIUSDT is only 10% away from reaching its all-time low of $0.40. Given the current market conditions and Pi Coin's negative correlation with Bitcoin, the chances of the altcoin falling to this level are growing.However, if investors increase buying pressure,
PIUSDT may experience a rebound. A successful breach of $0.45 as support could lead to a recovery, pushing the price to $0.49. If this happens, the current downtrend could be invalidated, providing a potential window of opportunity for PIUSDT to reverse its fortunes.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.