The flat COIN PIR price was traded yesterday, hovering around the $ 0.60 sign. Our previous expectation of the price indicated that keeping more than $ 0.60 and hacking $ 0.65 can open a path towards 0.66 – 0.67 dollars. However, the price failed to gain momentum and remained in a narrow range.
Let’s see where the PI network can go today.
PI currency scheme analysis
Pi Coin is trading at $ 0.6051 on the daily chart. The flat price with decreased fluctuations after trying to break over the descending direction line. A small attempt to wear a small at the first lowest level in April has not generated strong hardship candles, showing a weak follower of buyers.
Since late February, the price of the PI has decreased steadily, with every peak and lower lower than the latter. The main support zone is between $ 0.44 and $ 0.47, as buyers have previously entered to prevent the price from decline. In order for any real recovery, the price needs to penetrate the resistance about $ 0.62 -0.63 dollars.
The short -term trend looks neutral to a little drop. The price pressure indicates between $ 0.45 and $ 0.65 that the market is waiting for the catalyst. Until then, it is possible that the movement of the sides is likely, as the sellers enjoy the upper hand.
Daily technical indicators
Daily indicators indicate a weak momentum of the PI currency price. MACD remains in negative lands, confirming the continuous declining pressure.
| index | value | explanation |
| MACD (12,26) | -064 | The landmark still exists |
| CCI (14) | -145.7456 | Very selling, but not yet backward |
| The final oscillator | 5.686 | Negative momentum, pressure sale |
| ROC (change rate) | 5.686 | Negative momentum, pressure sale |
| Taurus power/bear (13) | -049 | Bears a little stronger |
Moreover, the final oscillator reads 47.713, which indicates poor sale pressure, but not enough strength to confirm the bullish shift. Meanwhile, the ROC rate is negative, and the momentum indicates the descent.
Also read: Did Cardano (ADA) reach $ 10? Charles Hoskson’s bold predictions and what should happen first
Piots Prices Prices on April 29
If PI Coin is more than $ 0.60 and penetrates the resistance area of $ 0.65, you may try to move about 0.66 – 0.67 dollars. However, given the negative MACD and read the weak final oscillator, any upward step requires strong support for the size.
On the negative side, if the price of the PI decreases to less than $ 0.60, it may quickly decrease towards a $ 0.50 area. The deep step can re -test the support zone from 0.45 to $ 0.47 if the broader market morale is weak. The Haboodi technical indicators indicate that the sellers still control unless the PI is able to collapse.
For today, the price of the PI coin is often neutral. See these main price points: $ 0.60 (support) and $ 0.65 (resistance). Remember that what is happening with Bitcoin may affect the price of Pi Coin in the coming days.
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