Yesterday’s expectations suggested that the PI is likely to trade between $ 0.85 and $ 0.95, with a bias towards the minimum. This prediction has proven accurate, as the price decreased sharply, with the closure of the day at $ 0.8018 after it decreased more than 9 %. This step confirms the hypothesis that was built during the past week.
The current trend continues in the opposite of a clear declining direction, and the sellers continue to control firmly. So, where can the battle currency be transferred from here? As usual, let’s review the main technical indicators today on the daily time frame.
Technical indicators analysis
the Relative power index (RSI) It decreased to 26.019, indicating that the price of the PI coin is exaggerated. The market sellers have effectively paid the price without the last trading levels. The relative strength index sits under 30 years old at the present time, which usually hints that the bounce can be on the horizon. But so far, there is no real sign that the market is turning until now.
the Macd medium rapprochement divergence (MACD) Busty is higher than zero at 0.041 – a small positive payment, which may indicate that the market is trying to settle. However, it is not a strong sign enough to say that a short -term gathering is coming.
the CCI Channel Index (CCI) It decreased at the -117.6, which indicates a clear sale pressure and there is almost no real purchase benefit. Readings that are less than -100 usually indicate a heavy sale and a much lower price than the historical average, which enhances the prevailing direction.
the The final oscillator It is in 34.169, still under 50 marks. This only enhances the comprehensive dirt tone that we see.
Moreover, Change rate (ROC) He decreased to -55.9, which tells us that the price has decreased quickly compared to recent days -another sign that sellers are still controlling. Such a severe negative value indicates fast -motion emotions.
the Taurus/bear index It is in -0.5601, which indicates that the declining control remains in place. Buyers did not show any meaningful force.
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Pi -currency predictions
The latest technical indicators continue to support the declining expectations.
Detate scenario: If the landmark continues, the price of the PI will test the support levels between $ 0.70 and $ 0.75. RSI Oversive RSI and ROC negatively indicates that the sale pressure is likely to continue.
The climbing scenario: The slight recovery is possible if the purchase of RSI is in the short term or if the MACD is strengthening. If so, the PI currency can move towards a scale of 0.95 – 1.00 dollars, but this will require a clear boost in size.
Today’s prediction: Based on the current techniques, The price of the PI coin is expected to circulate between 0.85 dollars and $ 0.95 today, tends towards the bottom of this range.
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