The Pi Coin closed low yesterday, where today it ended at $ 0.6508 after failing to penetrate the resistance level of $ 0.66. In our previous article, we have noticed that keeping more than $ 0.64 and disinfecting the region $ 0.66 – $ 0.68 can open a path to $ 0.70 or even $ 0.75. This penetration did not happen, and the price remains stuck in a narrow range.
Let’s take a look at the place where the PI network may go today.
PI currency scheme analysis
On the daily chart, the price of the PI currency is unified in the descending triangle style that has been formed since early March. After a strong gathering for more than $ 3.00, the price gradually decreased, and a series of higher levels. The price has now pressed the descending resistance trend and the horizontal support area between $ 0.62 and $ 0.64.
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The current price sits at 0.6508 dollars, slightly less than the trend line, indicating that the collapse or collapse is close. Support has been supported at $ 0.62 so far, but the decline below may witness a re -test of $ 0.50, the last time was seen during a surprise sale earlier this month. On the other hand, a fracture above $ 0.68 can witness a short-term mass to 0.75-0.80 dollars.
Meanwhile, the price of the PI currency is in standardization, and the next trend is likely to depend on the size and general trend of the encryption market.
Daily technical indicators
The technical indicators of PI Coin display mixed signals. It is still negative MACD, which indicates a declining momentum. At the same time, many momentum indicators tend to ascend.
| index | value | explanation |
| MACD (12,26) | -091 | Detailed momentum continues, |
| CCI (14) | 5.0977 | Neutral, trading prices near the average |
| The final oscillator | 53.78 | Moderate update pressure construction |
| ROC (change rate) | 10.029 |  Strong upward momentum develops |
| Taurus power/bear (13) | 0.0157 | Puritors in a little control |
The rate of change and the final oscillator indicates that the upward momentum can form, but it is not strong enough to overcome the resistance without increasing the trading volume.
PI
If PI Coin is more than $ 0.64 and exceeds 0.66 to $ 0.68, a move about $ 0.70 may occur or even $ 0.75 in the short term. The ROC and Ultimate oscillator indicates improved feelings, but it is too early to expect without confirmation.
On the other hand, if the price of Coin PI decreases to less than $ 0.64 againIt can slip towards a support area of 0.60 – 0.58 dollars. The collapse may be exposed from 0.53 to $ 0.55. With Macd still ignoring and CCI apartment, merchants should be careful.
Today’s trend is still neutral in favor of ascending a little. Watch $ 0.68 resistance and support $ 0.64, which is likely to decide Breaks First the next step for Pi Coin. Bitcoin price will also play a major role in the formation of momentum in the short term.
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