Yesterday, we expected that the Pi Coin might trade between $ 0.85 and $ 0.95, and it is close to that day, and the day ends at $ 0.8280 with an increase of 4.96 %. Although this seems to be a strong move, most indicators still indicate a declining direction. So, what is the following for the price of PI today? Let’s disintegrate the daily scheme and see what the technicians say.
Technical indicators analysis
the Relative power index (RSI) He sits at about 27.95, which means that the PI is officially in the sales lands. When the relative strength index decreases to less than 30 years, this usually means a heavy sale, and the bounce can be on the table. But it does not always guarantee return.
the Macd medium rapprochement divergence (MACD) A small part of the positive momentum appears 0.027. This is technically a bullish intersection, but it is very close to scratch so that it can go in either direction. Currently, the market is still not sure.
Looking at CCI Channel Index (CCI)106.78. This is another strong indication that the price of PI is much lower than the last average. Usually, when this happens, it is a sign that the sellers are still controlling, and the market may remain weak unless something turns.
the The final oscillator It is also low, sitting at 36.94. This means that there are not many purchasing benefits at the present time, and the price may continue to drift down unless buyers enter.
Then there Change rate (ROC) In -49.93, this is a significant decrease. It indicates a decrease in the price sharply compared to the previous days, and this is a clear and clear signal.
finally, Taurus power/bear It is in -0.4436, which confirms that the bears still lead the market. Sellers are more active than buyers at the present time.
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Pi -currency predictions
Detate scenario: If the current trend continues, the PI currency price may slide more, and the support may test about $ 0.70 to $ 0.75. RSI Oversive RSI and ROC are noted that the pressure pressure has not yet been done.
The climbing scenarioOn the other hand, we may see a short -term bounce if RSI starts drawing with buyers. If the sound level rises, the PI can return to a range of $ 0.95 to $ 1.00 – but it will need some help.
Today’s prediction: Based on all this, The price of the PI coin is likely to trade between $ 0.85 and $ 0.95 todayBut it seems likely to stick to the closest to the bottom of this range unless something turns into the momentum.
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