Pi Coin is already printing another red candlestick today. If the price of the Red PI is closed again, this will make it six consecutive days of the landfill. This fixed decrease comes at a time when many Altcoins also appear weak, especially as bitcoin continues to slide slowly.
I played the downsic prediction just as expected. We indicated that a lower break than the main support level of $ 0.66 will increase the pressure of the negative side, and this is exactly what happened.
The PI currency fell towards a $ 0.6 area, just as we mentioned. Currently, the PI price trades at $ 0.61, and the momentum still tends to drop. If this trend continues, the following potential support areas are $ 0.58 and perhaps up to $ 0.54.
On the other hand, if the market sees a kind of apostasy or gathering, we may expect to resist about $ 0.65, which was a support zone and has now fluctuated for resistance.
The broader image of the PI network was not great. The project remains in a state of forgetfulness in terms of the main official progress, and the generally general encryption morale withdraws the PI price to the bottom.
Summary of the technical index of the coin
To understand where things can go after that, we have examined the main technical indicators of Investing.com. On the graph for 5 hours, most of them flash sales or sale signals.
| name | value | clarification |
|---|---|---|
| RSI (14) | 19.591 | This indicates that the PI coin is exaggerated and may be due to a small bounce. |
| Persons (9,6) | 34.212 | It is still under pressure, not yet in the ups of the ups of the ups. |
| MACD (12,26) | -036 | It indicates the construction of a strong declining momentum for the PI network price. |
| ADX (14) | 53.926 | It appears that the current downward trend is strong and is likely to continue. |
| Williams % p | 94.213 | In a depth goal, indicating that the currency is less than its short -term value. |
| ATR (14) | 0.0257 | This tells us that price fluctuations are great today, which indicates high fluctuations. |
| Lower/lower (14) | -0687 | It indicates that the currency makes its lowest levels, which confirms a declining direction. |
| The final oscillator | 27.05 | Another sign of the sale, may be shown at the bottom soon. |
From the above readings, it is clear that the PI coin is under pressure. But the RSI and Williams % Rules are very low indicates that although sellers still control, the currency may approach the stage of short -term recovery. However, this depends on whether Bitcoin finds support or continues to decline.
What the moving averages say about the price of PI
Moving averages tell a very clear story of the PI coin now. All short -term and long -term moving averages indicate a continuous sale signal.
The MA10 and MA20 shows lower values as the price has been traded recently, confirming the short -term landfill. MA50 and MA100 valuable values. This shows that the price of the PI network has lost strength in the medium and long term as well.
For example, and Average 50 days About $ 0.75, while the average of 100 days still rises at $ 0.83. With the price now at 0.61 dollars, this tells us that the currency is trading much lower than its last historical averages, which means that the downward trend was strong and continuous.
Until the PI can retreat over some of these moving averages, it is difficult to call for continuous recovery.
Pi Coin PRICE prediction today
Based on all we have seen from the plans and indicators, here are the potential price scenarios of PI today:
Detaire scenario:
If the pressure pressure persists, the PI price may decrease to less than $ 0.60 and re -test the following support at $ 0.58. In an extreme case, it may decrease to $ 0.54.
The neutral scenario:
If the market moves sideways, we may see the PI coin hold at the current level of $ 0.61, and unify between $ 0.60 and $ 0.63 while traders are waiting for stronger signals.
Also read: Can the price of the distinctive symbol of Avalanche (Avax) reach $ 100?
Al -Swario Al -Swami:
If Bitcoin settles and Coin PI finds support from excessive sale conditions, we may see about $ 0.65. But unless it is broken and suspended above this level, any movement may be just a temporary comfort.
At the present time, the bias remains down, but the sales readings indicate that the bounce can be close, even if it is short. Watch closely 0.60 dollars today.
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