We expected yesterday that the price of PI Coin could decrease to $ 1.30 if sellers pay the market to less than the support level of $ 1.50. This scenario is now revealed as the PI has decreased by more than 7 %, and is currently trading at $ 1.39.
Besides low prices, trading decreased more than 10 %, indicating that the market slows down. Technical signs seem negative, indicating that prices may continue to decline unless more buyers enter.
Indicators reflect the emotional feelings
The technologies do not seem good for PI according to the Investing.com platform.
The relative strengths are 41.04, indicating the pressure pressure that has not yet reached the sales levels. Macd is still negative at -0.013, which confirms the declining direction.
The final oscillator He sits in 49.912, which indicates a balance between buying and selling without a clear direction. The change rate shows some purchasing benefits, but not enough to reflect the declining direction. All these indicators indicate the continued sale of pressure without any signs of reflection soon.
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The main support level for the coin in danger
The price of PI Coin hovered near the main support line on the graph for 4 hours. This price level has been tested several times before, which usually leads to reflux. If buyers enter again, the price may stabilize and move towards the resistance range from $ 1.80 to $ 2.00.
But if support fails, the next goal will be a range of $ 1.30 to $ 1.35. The collapse may lead to a further decrease with the condensation of the sale.
Pi Coin Price Outlook for today
With the current momentum, the PI currency may test the support level of $ 1.30 soon. If this continues, we may see a movement between $ 1.30 and $ 1.50 throughout the day. But if the sale continues, it is possible to decrease more decrease.
Recovery can occur If buyers pay the price of PI Coin to more than $ 1.50,, It is likely that the $ 1.70 region will respond to $ 1.80. However, it appears that breaking the last highlands is unlikely unchanged in market morale. Watch sound levels. Increased purchase can indicate a possible reflection.
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