Pi Network continues to trade in a narrow range after the sharp decline earlier this month. After reaching a local peak of about $ 1.65 in early May, the code has lost the momentum and is now hovering just less than $ 0.73. The conditions of the market remain unconfirmed, as sellers show renewable pressure and the main indicators that flash mixed signals.
Let’s disintegrate the future today.
What we got yesterday
In yesterday’s expectations, we noticed that the price of the PI was at risk of declining about 0.72 – 0.70 dollars if it failed to get more than $ 0.74. Play this scenario as expected. The PI network fell to the lower end of its group during the day, facing rejection near the resistance at $ 0.75.
We also expected a possible continuation of the side movement in the 0.73 – 0.77 dollars if the purchase pressure is no longer. As of now, this range is still valid, with a decrease in size and traders seem careful.
Overview of the daily PI (May 29)
- The current price: 0.7290 dollars
- Change 24 hours: -3.11 %
- 4H RSI: 46.43
- Trading size: 32.23 % decrease compared to the previous day
The price of the PI currency is unified near the $ 0.73 area. Its highest levels have been formed since mid -May, with a descending triangle style on the daily chart. Support between $ 0.70 and $ 0.73 to date, but the size of the weakness indicates a decrease in interest from buyers.
What the PI currency scheme shows
The PI coin remains in the cooling stage. After the gathering earlier in May, the distinctive symbol moved steadily to a decrease in the tightening formation. The descending triangle style indicates the risks of the possible downside if support fails.
While the current structure is still intact, the lack of momentum indicates the frequency. The size remains light, and the candles show limited strength. Any break less than $ 0.70 can lead to a more visible step, and perhaps about $ 0.60.
Also read: We asked artificial intelligence to expect the HEDERA price (HBAR) in June
Technical indicators (daily time frame)
| index | value | explanation |
| MACD (12,26) | +0.01 | Cross of weak boys |
| ADX | 29.33 | Strong direction, a declining direction |
| CCI (14) | 93.13 | Dialecting bias, near the sale. |
| The final oscillator | 40.17 | Light downward pressure |
| RSI (14) | 46.43 | Neutral momentum |
| ROC | -18.91 | The declining direction, a strong frequency |
| Taurus power/bear (13) | -0654 | Sellers are dominant |
summary: The momentum is still weak. Most indicators tend to drop, with only MACD hint in the early upward difference. RSI is neutral, and no strong reflection signs have been formed yet.
Pi -currency predictions scenarios
The climbing scenarioA break more than $ 0.77 with a size that can send the price of the currency PI to $ 0.80 – $ 0.85. Preparation requires stronger market participation.
Neutral scenarioConstant unification between $ 0.70 and $ 0.77 is likely that bulls or bears are controlled.
Detaire scenario: The step of less than $ 0.70 may accelerate to the downside of about $ 0.60, especially if the sales volume increases.
The price of the PI metal currency is currently trading within a fragile structureWith no strong direction. The indicators prefer sellers, and the price remains under pressure. Currently, the most likely result is a side movement unless 0.70 dollars or the outbreak of more than $ 0.77 achieved with clear support for size.
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