#PI Resistencia: Around $26 and $39, where the price has previously bounced.
Support: Around $17.35 and $13.01, which have been reaction levels in the past. Indicators and Sentiment: The price has dropped by -6.05% in the last 24 hours. In the last 7 days, it has decreased by -32.74%, which confirms the selling pressure. The market is divided between 56.16% of long-term investors looking to buy and 43.84% of short-term investors looking to sell. Conclusion The movement remains bearish, although there are signs of attempts to recover at the supports. Watch zone: If the price breaks below $17.35, it could target $13.01. If it exceeds $26, it could attempt to change the trend. Recommendation: Be cautious with volatility and confirm reversal signals before going long.
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#PI Resistencia: Around $26 and $39, where the price has previously bounced.
Support: Around $17.35 and $13.01, which have been reaction levels in the past.
Indicators and Sentiment:
The price has dropped by -6.05% in the last 24 hours.
In the last 7 days, it has decreased by -32.74%, which confirms the selling pressure.
The market is divided between 56.16% of long-term investors looking to buy and 43.84% of short-term investors looking to sell.
Conclusion
The movement remains bearish, although there are signs of attempts to recover at the supports.
Watch zone: If the price breaks below $17.35, it could target $13.01. If it exceeds $26, it could attempt to change the trend.
Recommendation: Be cautious with volatility and confirm reversal signals before going long.