Pi Network PRICE climbs 2 %, but is this ICO the next big encryption?

The price of the PI network has jumped more than 2 % in the past 24 hours to trade at $ 1.56 from 6:14 am EST.

The high price of PI comes amid a wider collapse in the encryption market, which has witnessed the total number in the digital assets sector more than 8 % over the past 24 hours.

PI network price in the Tawhid channel

One hour graph for PI/USDT (Source: Tradingvief))

the PI network The price has entered the Tawhid channel ranging from $ 1.4260 and $ 1.6950 during the past two days. This period of lateral trading can be the sects for a strong -term step in the short term.

If traders set the current price of PI as an opportunity to buy, the price of the PI network may end at the resistance level at $ 1.6950 to support. After that, the constant pressure of the bulls can climb to the subsequent resistance level at $ 1.9090.

On the other hand, the Haboodi step may lead to a decrease in the price of the PI network to less than the level of immediate support at $ 1.4260. The decrease to the bottom of this artistic crutch may lead to a decrease of $ 1.1840.

Technicians suggest that the bulls slowly control the price of the PI network

From a technical point of view, indicators indicate a one -hour graph that the price of the PI network may continue to climb in the next few hours. Both the different moving average rapprochement (MACD) and the RSI Index (RSI) indicates PI network price.

In the past few hours, RSI has managed to cross the simple moving average line (SMA). Traders often see RSI crossing over SMA as a sign that buyers have acquired the upper hand on the asset scheme. In addition, the value of the RSI is higher than the neutral score, which supports upward expectations.

At the same time, the MACD line started to rise towards the MACD signal line. If the first is broken over the last, this may indicate that the price of the PI network has entered into a positive cycle. Traders may interact positively with this development and start buying PI. This potential purchase pressure may climb the PI network price in the next few hours.

While Bulls tries to control the price of the PI network, investors flow into a new Solana Layer-2 project called Solaxy (Solx).

According to 99bitcoins, a famous YouTube encryption channel with more than 725,000 subscribers, SOLX has the ability to rise 100x after launch.

Solana raised the next level

Solana has become crowded due to the madness of the investor that broke out around the MEME currencies that are based in the past in the past few months.

If nothing changes soon, the Solana network stands up to another interruption. Solaxy, with its Layer-2 network and scaling technologies, are designed to help.

The project aims to reduce congestion levels on the Solana network and increase the productivity of the common Layer-1 treatment. To do this, the original Sidechain of the project will be operated in parallel with Solana Mainnet and takes over the largest part of the network transaction processing for the network.

The Solaxy Layer-2 series will use an installed technique called Rollups, which processes transactions outside Layer-1 Blockchain, and includes it, then sending transactions sets to Solana Blockchain to achieve final verification and save records.

This approach will not be limited to increasing the number of transactions that the Solana network can facilitate every second, but will also increase the processing speeds while reducing the network fees simultaneously.

In addition, Solaxy will also try to block ETAREUM and Solana networks to create a new SUPER Web3 ecosystem capable of meeting the increasing demands for decentralized application developers and Mimi currency. SOLX will also be also placed as a main transaction class between two of the largest networks in the WEB3 space.

Investors are betting on the future of Solx

Solaxy has managed to raise more than 23.4 million dollars through a period between them so far, indicating a lot of investor confidence in the future of the project. Another reason behind the increasing interest of the investor is the annual yield of 173 %, which is presented on the Staked Solx.

To get these rewards, investors first need to buy SOLX through a simple user interface element on the project site.

Selling currently for $ 0.001646, SOLX can either using a coding or banking card. Buy before the price rise in less than two days to secure the best deal.

Buy Solx here.

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