The PI coin is still stuck in a narrow trading range, as the price continues to pressure with low fluctuations. When writing, the Coin PI price is traded by about $ 0.5866, a decrease of about 1 % in the past 24 hours. The market is not decisive, as buyers or sellers do not get strong control.
The range has become between $ 0.580 and $ 0.600 is a major decision zone. The price approaches the top of the descending triangular triangle, which usually leads to outbreak, either to the upward or continuing direction.
PI currency scheme analysis
On the graph for 4 hours, the price of Coin PI is a descending triangle style. This is a declining setting unless the prices are above the descending trend line, which is pushing its highest level since mid -April. The trend line is currently in line with the resistance area 0.60 – 0.615 dollars.
Support in pregnancy continues between $ 0.575 and $ 0.580. This area has been tested several times and remains a strong area for buyers to intervene. However, the price hovers just below 9-periods EMA, which is located at $ 0.5892. Staying under this line maintains the short term.
Candles may become smaller and more strict, indicating a clear decrease in momentum. This low turning stage indicates that the larger step may be formed for the price of PI. But the graph still does not provide any certain outbreak in any of the two directions.
Technical indicators
Below is a quick overview of some of the main clock indicators of PI:
| index | value | signal | What suggests |
| MACD (12,26) | -001 | bearish | The momentum is a little negative |
| CCI (14) | -36.13 | neutral | Moderate pressure, there is no strong direction |
| The final oscillator | 48.94 | bearish | Weak weakness purchase |
| ROC (change rate) | -0.204 | bearish | The price decreases slowly |
| Taurus power/bear (13) | -00002 | bearish | The bears have a slight edge |
| RSI (14, 1H) | 45.73 | neutral | The market is not resolved |
Most indicators continue to show neutral or declining signals. MACD and ROC in negative lands, indicating slow landing. RSI is less than 50, which indicates a soft momentum without confirmation of a state of sale. In general, the technical preparation tends to decline a little but without strong conviction.
Pi Coin PRICE prediction on May 6
For today, the price is likely to remain within the rangeS. If there is an increase in the price of a PI currency, which exceeds $ 0.600 in large size, It can test a mark of $ 0.615. This would represent a shift towards the short -term bullish momentum. Another step may reach $ 0.628.
If the price fails to get $ 0.580, the next support lies at $ 0.565. A break below can accelerate the decrease of about $ 0.550. The general trend is still weak, and merchants must continue to monitor the $ 0.600 region closely. This level is likely to determine the next direction in the short term of the PI.
Also read: How high the Protocol Protocol (Al -Dhahiri) has increased to converting investment from 10 to 15 thousand dollars to a million dollars?
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