We expected the PI to trade between $ 0.85 and $ 0.95 yesterday, and this is exactly what happened. Today ended about $ 0.8842, and staying well within the expected range.
The downward pressure is still present, just as we expected, with poor momentum and low purchase while maintaining the price under pressure. Over the past seven days, the price of the PI has decreased by more than 22.40 %, and until now, there is no clear sign of a reflection.
With most technical indicators appearing largely, future future tend to land. Therefore, let’s divide the latest daily signals to see where Coin Coin may go after that.
Technical indicators analysis
the Change rate (ROC) Standing in -37.254, indicating a strong negative momentum. This sharp negative number shows that the currency price has decreased sharply compared to previous sessions, indicating the continued decline in the market.
the The final oscillator Sitting in 39.507, and remains much lower than the level of 50 neutral. This indicates poor purchase attention across different time frameworks and indicates the continuation of the impulsive price movement in the short term.
the Relative power index (RSI) It is at 30.391, just hovering over the excessive sales threshold of 30. While this indicates that the price of the PI coin is close to being sold, this also means that there can be a short -term installation or a simple recovery in the event of purchasing interest revenues.
the CCI Channel Index (CCI) It is in -100.9875, sitting on the edge of extreme landfill. This reading confirms a large sale pressure and enhances the current declining market direction.
Most technical indicators indicate a declining momentum, though this Macd medium rapprochement divergence (MACD) It is at 0.072. This slightly positive value indicates a possible early transformation in the momentum. However, the signal is still weak and is not sufficient to overcome the signs of broader sale.
the Taurus/bear index It is in -0.4448, clearly shows that the bears control the market morale. This increases the validity of the current market environment dominated by sellers.
Also read: Ethena (Ena) prices rise to the previous resistance, as the upscale momentum builds towards a height of 10x
Pi -currency predictions
Based on the current readings of the main technical indicators, the PI Coin offers constant pressure.
Detate scenario: If the current trend remains intact, the price of the PI will test the low support levels between $ 0.70 and $ 0.75. ROC readings support strong negative and low oscillator readings this view.
The climbing scenarioIt is possible to recover a simple if RSI leads to short -term purchase in the short term and MACD turned into a positive area. This can push the PI again towards a scale of 0.95 – 1.00 dollars, but only if the size is increased.
Today’s predictionConsider the available Data, the price of PI coin is expected to be traded Between $ 0.85 and $ 0.95 today, with a tendency towards the bottom of this range.
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