After expecting that the price of PI Coin may face the sale pressure near the main support, this is exactly what we see today. Although the distinctive symbol has not broken down the region yet, it is still hovering near it, with no clear signs of recovery yet. COIN PI is traded about $ 0.70 at the time of the press.
According to daily technical analysis, things do not seem very great; Almost everything is “strong sale” signals, including both technical indicators and moving averages. So yes, sellers are still controlling now.
So, where is the price of PI Coin today? Let’s review some of the main technical indicators on the daily time frame.
Technical indicators analysis of the coin
the Change rate (ROC) It is currently in -38.02, indicating a strong negative momentum. This sharp decrease indicates that the price of PI Coin has decreased sharply compared to recent periods. These values often reflect the continuous sale activity and the decline in interest from buyers.
the Relative power index (RSI) It is at 25.637, which prompted the price of the coin in the depth of the sales lands. When RSI drops from 30, it indicates that the sellers were controlling some time. This door may be opened due to a possible bounce, but there is no indication that buyers intervene.
the MACD (12,26) The value of -0.019 appears. This negative reading confirms that the short -term momentum is less than long -term directions. It enhances the current landfill, although the distance from the zero line indicates that the momentum is not very aggressive.
the CCI Channel Index (CCI) Standing in -126.05. The CCI below explains that the original is trading much lower than the historical average, and usually indicates an extended dirt direction. This is in line with the general image of the market weakness.
the The final oscillator It is in 35.566, indicating that the purchase pressure remains low across the short, medium and long -term time frames. Readings are less than 50 usually mean that the declining trend is still in play.
finally, Taurus power/bear It is in -0.3786. This negative value reflects that sellers are still more dominant than buyers, which contributes to the continued risk of the PI coin.
Depending on the daily chart and all technical indicators, the PI coin remains under strong land pressure.
Detaire scenario:
If the pressure pressure holds, we can see the prices of PI currency sliding further. Decrease to 0.68 – 0.70 dollars looks very realistic. If the market becomes weaker, there is an opportunity to drop to $ 0.65 before finding stronger support.
Al -Swario Al -Swami:
On the other hand, if buyers decide to intervene and defend these levels, we may see a short -term bounce. If this happens, the PI coin can pay a reserve towards an area of 0.74 – 0.76 dollars. But frankly, this will need a decent height in trading volume or a type of momentum.
Today’s invitation:
At this rate, The price of the PI coin is likely to hover somewhere between $ 0.68 and $ 0.73 today. Unless something changes, it is more likely to tend towards the bottom of this range.
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