After predicting that the Pi currency may face a rejection near Bollinger Band and decrease to less than 0.82 dollars yesterday, this is exactly what has been operated. The currency has now decreased by 4.46 % during the past day, and is now trading about $ 0.7934. This declining trend, which is formed during the past week.
With an increase in downtling momentum, where can the head price head then? Let’s take a look at daily technical indicators.
Technical indicators analysis
the Relative power index (RSI) It is 27.715, firmly in the sales lands. The sellers took control of the last sessions, prompting prices down. This may lead to short -term, but we have no confirmation to reflect the reflection yet.
the Macd medium rapprochement divergence (MACD) It shows a slight negative value -0.001. This indicates that the declining momentum is still present for the price of the PI, and there is no difference from the signal line that the current trend carries it.
the CCI Channel Index (CCI) He decreased to -103.5263. CCI often refers less than -100 to a strong sale activity and that the original is trading much less than its average range. This enhances the current weakness in the market.
the The final oscillator Read 33.242, under 50 marks. This indicates poor purchase pressure and supports the opinion that the market can continue to go down.
the Change rate (ROC) Sitting in -43.755. This severe negative number indicates a strong decrease in prices compared to previous sessions. This confirms that the declining momentum dominates the short -term price procedures of the Pi Coin.
Finally, the Energy/Bear Energy Index is at -0.3471, indicating that the declining pressure exceeds attempts to climb. The sellers still control the market at this stage.
Also read: Is it still a price of $ 150 realistic for Polkadot (DOT) this bull run?
Pi -currency predictions
Depending on the current technical indicators, the PI coin remains under strong sale pressure.
Detate scenario: If the current declining trend, the price of the PI coin may be drifted towards the subsidy area of $ 0.75. The weak momentum through indicators indicates that there is likely to be another drop unless buyers enter.
The climbing scenarioShort -term recovery may occur if PI find support at current levels and increase size. If the RSI rises above 30 and the price rises to a higher than $ 0.83, we can see a test of 0.85 to $ 0.90.
Today’s prediction: With landing The Temple, PI, may trade the price of a modified currency between $ 0.77 0.81 dollars, and perhaps closer to the lower end unless we see a reversal of the size.
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