Coin PI closed a little higher yesterday, trading near $ 0.6556. In our recent prediction, we suggested that if the price of the PI currency erupted for $ 0.66 with a strong size, this may go towards a scope of 0.68 – 0.70 dollars. Although this step has not yet occurred, the price keeps it higher than the main support.
Let’s take a closer look at the place where the PI network may go today.
PI currency scheme analysis
Pi Coin is traded at $ 0.6556 on the daily chart. The price has been combined between $ 0.60 and $ 0.68 in the past few weeks, after a long -term drop from its highest level was strained over $ 3.00. The overall trend is still neutral, but the falling EMA and the tightening range may indicate a next step.
Support is clearly defined between $ 0.60 and $ 0.62, which is the level that was held through a multiple re -test. On the upper side, the area remains 0.66 – 0.68 dollars a major resistance area. The collapse above this may increase the gains of about $ 0.80 – 1.00 dollars, especially if it is accompanied by a strong trading size.
The price of the PI is also hovering over EMA for 9 days, which served as dynamic resistance during the previous declining direction. The fact that PI is trying to keep this level adds to the possibility of a transformation in the momentum.
Daily technical indicators
Daily techniques display a mixed preparation for PI. While some indicators indicate that the momentum slowly turns in favor of bulls, others show that sellers are still in control.
| index | value | explanation |
| MACD (12,26) | -097 |  The landfill still exists |
| CCI (14) | 15.25 |  Neutral, there is no clear trend for the direction |
| The final oscillator | 52.65 | Moderate purchase pressure is a building |
| ROC (change rate) | 7.822 | Ascending momentum – bulls are slowly returning |
| Taurus power/bear (13) | 0.0261 | A slight, rising edge, if not very strong |
While MACD still shows negative momentum, both ROC and Ultimate oscillator indicate that the upscale feelings may take. The indicators of the Islamic Conference also showed a difference against the lowest levels of prices, and often a sign of exhaustion and possible reflection.
Also read: Don’t let the KASPA price pump deceives you – bears are still in control
PI
If Coin PI can remain above $ 0.64 and exceed the resistance space from 0.66 to $ 0.68, there is a field for a short -term installation of about $ 0.70 or even $ 0.75. It can take the outbreak of the strongest goals to $ 0.80, especially if there is a gathering in the broader market.
But if the price fails to break the resistance and cross less than $ 0.64, it is likely to test the support space from 0.60 to $ 0.58. The breach of this area can prolong the declining direction to 0.53 – 0.55 dollars.
Currently, the price of a modified currency PI is still in a standardization stage, With the market the climb still tends a little. The collapse is likely to confirm less than $ 0.64 or a outbreak of $ 0.68 the next direction. Of course, short -term volatility will be dictated at Bitcoin price and encryption morale in general, so traders will need to monitor these.
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