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Will the price of PI return to $1 after the domain auction? 🔻 Current price: $0.8227 (-10.77%) 📉 Drop due to: Weak interest, KYC controversy, not listed on Binance 📈 Optimism after: Domain auction (200,000 bids, 3M PI under bidding) 🛑 Will it reach $1? Upbit listing may support the rise, but transparency remains a hurdle
The big coin has dropped significantly, and the trend has been somewhat damaged. The hourly chart shows signs of a stop and rebound, with the 87000 level now acting as resistance, suppressing the rebound of the big coin, while support has returned to around 84500.
Ethereum is still the same Ethereum, which has been despised in this bull market. The support around 2050 no longer exists, and the 2000 level is facing another test, with support around 1980. If 1980 is lost, Ethereum has the potential to drop to 1800.
On the hourly chart, although Ethereum shows signs of stopping the decline alongside the big coin, it is very weak and cannot withstand a second pullback. Typically, this kind of market does not correct in one go, and there may be continued downward movement in the early morning; preparations should be made.
After tomorrow's consolidation, if the big coin and Ethereum can stabilize above the support, we can still make up for our positions, and being cautious in such a market is certainly wise. Everyone should be patient and wait.