COINJAKA
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🔻 Reasons for the Decline in Pi Coin Price:
1. Increase in Supply (Monthly Token Issuance)
• New tokens are issued monthly, leading to an increase in supply without a corresponding growth in demand, resulting in continuous selling pressure.
• The more supply increases without a rise in demand, the price automatically declines as a result of the laws of supply and demand.
Brief Analysis of Pi:
• Current Price: $0.3605
• Trend: Bearish in the short term
• Support: $0.3440$ then $0.3220
• Resistance: $0.3632$ then $0.3773
• Status: Clear selling pressure, price below most moving averages (MA) and the likelihood of further decline exists.
✅ Safe Purchase: Only after a stable breakout of $0.3632$ with an increase in trading volume.
⚠️ Beware of breaking $0.3440$ as it opens the way for a drop to $0.32.
1. Increase in Supply (Monthly Token Issuance)
• New tokens are issued monthly, leading to an increase in supply without a corresponding growth in demand, resulting in continuous selling pressure.
• The more supply increases without a rise in demand, the price automatically declines as a result of the laws of supply and demand.
Brief Analysis of Pi:
• Current Price: $0.3605
• Trend: Bearish in the short term
• Support: $0.3440$ then $0.3220
• Resistance: $0.3632$ then $0.3773
• Status: Clear selling pressure, price below most moving averages (MA) and the likelihood of further decline exists.
✅ Safe Purchase: Only after a stable breakout of $0.3632$ with an increase in trading volume.
⚠️ Beware of breaking $0.3440$ as it opens the way for a drop to $0.32.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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