PI Coin: The Ultimate Descent or a Comeback Kid? 🤷‍♀️📉🚀

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According to the PI/USD daily chart, the altcoin took a little breather between July 1 and 4, chilling at $0.50 and $0.47. But, you know, vacations are over, and the bears decided to crash the party on Friday, pushing PI below its comfy support range. Since then, it’s been a downward slide, and we might just see a retest of its all-time low at $0.40. 🙄

PI’s Accumulation/Distribution (A/D) Line has been on a nosedive over the past two weeks, which is like watching a sad puppy get rained on. As of this writing, the metric is at -300.73 million, down 82% since June 25. Talk about a confidence crisis! 😢

The A/D line is like a mood ring for the market. When it’s climbing, it means buyers are all in, and prices are soaring. But when it’s falling, like with PI, it’s a clear sign that everyone’s hitting the sell button. It’s like a high school dance where the DJ plays a slow song, and everyone just wants to leave. 🕺💃

And if that wasn’t enough, the Directional Movement Index (DMI) is also telling a bearish story. The positive directional index (+DI, blue) is currently below the negative directional index (-DI, orange), which means the bears are in control and the trend is getting stronger. It’s like a game of tug-of-war, and the sellers are winning by a landslide. 🏆

The DMI is a fancy way of saying, “Who’s got the upper hand in this market?” When the +DI is above the -DI, it’s a bullish sign, and buyers are in charge. But when the +DI is below the -DI, it’s a bearish sign, and the sellers are calling the shots. It’s like a seesaw, and right now, the sellers are sitting on the heavier end. 🎠

Sellers Dominate PI Market, but Buyers Could Flip the Script

At press time, PI is trading at $0.44, with its next major support level at its all-time low of $0.40. If the sellers keep this up, we might see PI hit rock bottom again. But hey, stranger things have happened! If the buyers suddenly decide to step up, PI could bounce back, break above the new resistance at $0.47, and maybe even climb back to $0.50. It’s a wild ride, folks! 🎢

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2025-07-06 11:31