Summary
- Pi Network (PI) recently lost bullish momentum and fell 3.13% to $0.7473.
- BeInCrypto observed additional bearish signals through the Ichimoku Cloud and Bollinger Band Trend indicators.
- The Pi Network's BBTrend indicator recently fell to -1.85, weakening bullish signals.
Concerns about Pi Network (PI) are growing. Technical analysis also suggests that bullish momentum has been lost.
As of 8:40 AM on the 28th (KST), Pi Network is trading at $0.7473, down 3.13% from the previous day according to CoinMarketCap.
The cryptocurrency-focused media BeInCrypto stated, "The Ichimoku Cloud chart of Pi Network suggests further bearishness," and evaluated that "short-term momentum has been lost."
BeInCrypto also reported that bearish signals were observed in the Bollinger Band Trend (BBTrend). The media explained, "The Pi Network BBTrend indicator maintained a positive range from the 22nd to the 26th," but "recently, the indicator recorded -1.85, weakening bullish signals."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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