$PI Caution: Regarding the current market situation, I believe that fundamentally the bullish momentum is still insufficient. The positions from $0.18 to $0.23 are all resistance levels, and with the current trading volume, it’s impossible to break through. Although I am optimistic about this coin in the long term, it is currently relatively weak and lacks the ability to resist falling. Some may say I am being two-faced, but you are wrong. A mature investor has a sense of the market, and even if they are wrong, they admit it. This situation is like in stocks: when the overall market rises, it has a slight increase; when the market falls, it drops sharply. I have also mentioned multiple times before that on the daily chart, at least one large bullish candle with a 5% increase and high volume is needed to reverse this current weakness. So now, this position is suspicious of being a trap for more buyers, and it will definitely continue to decline, at least to the $0.17 level. Therefore, this is not a good time to buy.

PI0.06%
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WallStreetTrendResearch
· 6h ago
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July: The major turning point in the market occurs in July. First, the technical upgrade to V26 was fully completed on June 22, and theoretically, it has met all the conditions for open sourcing. Second, the U.S. cryptocurrency legislation was expected to pass before July 4. These two timelines are very closely aligned, so once these two points are realized in July, it will trigger a market explosion.
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GateUser-91da21b3
· 2h ago
Steadfast HODL💎
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IAmCrazyForJun
· 3h ago
Thank you for the analysis from the Wall Street teacher 👍
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GateUser-2216933f
· 4h ago
Just charge forward 👊
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TheFingertipsAreLight
· 5h ago
Just charge forward 👊
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BaiXiaoyun
· 5h ago
I only love to see your objective and professional analysis!
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GateUser-5bc402d3
· 5h ago
Yeah, the resistance levels are getting lower and lower.
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NamelessPioneer
· 5h ago
In the long run, you should buy now and accumulate coins at a low cost.

When you truly become optimistic, you won't have the chance to buy in at a low cost anymore.
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WallStreetTrendResearch
· 6h ago
Currently, the entire cryptocurrency market is in a cautious state, with the key being waiting for the U.S. legislation to be implemented. Once that happens, a clear polarization will occur—those that do well will do even better because of increased funding, while the poor will get worse until they reach zero. It is foreseeable that 99% of cryptocurrencies in the market will disappear. This is not an alarmist statement but a consensus among the industry’s top experts. Overall, the main point is to ensure compliance.
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WallStreetTrendResearch
· 6h ago
What is lacking now is funding; funding is equivalent to blood.
With a circulation volume of just a few tens of millions in funds, it can break the $0.3 mark.
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