Yesterday’s prediction alluded to a possible decline to less than $ 0.60, and this is exactly what happened. Pi Coin got a sharp blow and traded about $ 0.5609, a decrease of 14.07 % in the past 24 hours. The decrease is not limited to the PI, though; It is part of the wider coding sales, as the total market has decreased about 9 % today.
The decrease confirms that the declining pressure remains dominant, and technical indicators are strongly inclined in this direction. Where can the price of the PI currency go today? Let’s take a look at the latest data.
Technical indicators analysis
the Relative power index (RSI) It is currently at 27.306, placing a PI currency in the sales lands. When RSI drops less than 30, it indicates that sellers were controlling for a long time. Although this may pave the way for a short stop or bounce, the market has not yet shown recovery.
MACD (12,26) It also goes to the drop at -083, with a short -term momentum still suffers from long -term performance. The gap between MACD and its sign line indicates that the trend is still actively pushing a decrease.
the CCI Channel Index (CCI) Sitting at -109.3892, indicating that the price of the PI is circulating much lower than its average. This level of difference from the average is consistent with the continuous sale pressure, with no visible signs of reflection.
At the same time, and The final oscillator Read 38.229, and stay under the score of 50 neutral. This tells us that buying interest is still weak across the short, medium and long -term time frames.
the Change rate (ROC) In the depths of negative lands at -40.314, confirming how quickly the price of the coin is low in the last sessions. This corresponds to the broader downtown direction seen through other indicators.
finally, Taurus power/bear (13) It is in -0.2603, which indicates that sellers still have a short -term price procedures.
Pi -currency predictions
Detaire scenario:
If the pressure pressure persists, the PI currency price can slip to a range of $ 0.52 to $ 0.55. With both ROC, MACD and CCI, strong momentum emphasizes on the negative side, the trend remains down at the present time.
Al -Swario Al -Swami:
If buyers enter the current sales levels, there is an opportunity for a slight apostasy. Gathering The price of the coin can be paid again towards the area of 0.59 – 0.62 dollarsBut it will require a clear rise in size or renewable attention.
Today’s prediction:
Given the current market conditions and technical indicators, the price of the PI currency is expected to trade between $ 0.54 and $ 0.60 today. The general bias tends to drop unless the momentum turns in the short term.
Also read: Here is the reason that this analyst still buys Kaspa: prediction price kas
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