Pi Coin is witnessing a modest increase in prices today, as it raises shortly from $ 1.01 with an increase of about 2.76 %. Although this movement seems positive at first glance, most technical indicators still indicate a declining momentum. Compared to yesterday’s volatility, the price ranged from less than $ 0.90 to more than $ 1.10, the day price was relatively calm.
If we look back at our PI price predictions yesterday, we have identified three possible results. The price remained in the expected range from 0.95 to $ 1.15, and our realistic prediction match. It did not reach our optimistic goal from 1.15 to $ 1.20, but it also did not decrease to the level of $ 0.85. This indicates that the market still discovers any way to go as buyers and sellers compete for control.
Technical analysis indicators
In the daily time frame, technical indicators still show clear signs of weakness:
the RSI (14) It is in 30.78. This puts the price of the PI metal currency a little higher than the sale level, indicating that the original is close to the lack of value, but the pressure is still dominant.
the MACD (12,26) It is at 0.118. While this is a positive number, which indicates a slight escalating momentum, it is relatively weak and can fade quickly if the downward pressure continues.
the CCI (14) It comes in -113.2103. This value indicates a strong declining momentum, as the PI is currently trading less than the average price range during the recent period.
the The final oscillator Read 41.616, and stay under 50 marks. This reflects the continuous declining bias, albeit not at an extreme level.
the ROC (change rate) Sitting in -28.289. This severe negative value indicates acute sales activity and confirms the existence of a decreased direction on the current graph.
the Taurus power/bear (13) Standing at -3806. This indicates that the bears maintain control of the market, although the gap between buyers and sellers is not extreme at this stage.
Also read: veteran veteran Crypto Bitcoin MainTivies urge attention to these indicators
PI
Based on the latest data for the graph and comprehensive technical conditions, here are the current price scenarios of PI:
Pozed scenario: If the sale continues, the PI may decrease to about $ 0.98, and it may decrease to $ 0.95 if a fewer people are trading.
Realistic scenarioCoin PI is likely to bounce between $ 0.98 and $ 1.10, and most of them stay near one dollar with the stability of the market. “
Optimistic scenario: If the buyers return and the indicators begin to recover, PI Coin The price can climb again The 1.15 – 1.20 dollar region, especially if the broader market is positive.
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