$PI Following the overall market trend: Before PaiCoin becomes open source and develops a truly usable ecosystem, its trend will still follow the broader cryptocurrency market led by Bitcoin. This is something I've been observing recently. Currently, the intraday upward movements are mostly synchronized with Bitcoin's surge, including Dogecoin, Bitcoin Cash, and PaiCoin also rising. If this continues, it will create a vicious cycle. Exchanges don't hold many coins, so large funds aiming to manipulate the market for short-term gains—whether to short or go long—is quite easy. So, making money is their skill, and they have an advantage in capital.



As for us, we should buy on dips. If the price falls below $0.175, a short-term rise is unlikely; the focus should be on recovery. We need to wait until the daily chart shows a large bullish candle with at least 5% increase before the trend can reverse. Be patient; being trapped is only temporary. Sorry to the family members.

The daily KDJ indicator was about to show a second golden cross, which I initially thought would lead to an immediate rise. Market conditions can change at any time, so I keep reminding everyone not to borrow money or use loans to buy cryptocurrencies. Using idle funds and holding for the long term is the way to achieve gains. Whether stocks or cryptocurrencies, genuine upward movement doesn't last long; most of the time, it's just oscillation.
PI0,58%
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WallStreetTrendResearchvip
· 4h ago
The main reason for the decline is that there has been nothing tangible or usable, only empty talk that has worn out the ecosystem. Relying solely on retail investors to buy and sell, otherwise it would have already dropped to $0.10 or lower.
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WallStreetTrendResearchvip
· 4h ago
Currently, $0.17 has some support because earlier around February, it stabilized at about $0.17 and then gradually rose to $0.29. Now it has returned to the original starting point for the upward move. 😤
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WallStreetTrendResearchvip
· 5h ago
On the daily chart, the two upward waves on the left side both have trading volume of around 1.5 million. Now as it approaches 2 million, it looks like it will only stop and stabilize if volume continues to shrink further.
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WallStreetTrendResearchvip
· 5h ago
The overall trend remains bearish, with the daily price currently below all moving averages, and the MACD breaking below the zero line. The bulls are not dead, and the bears are not finished.
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