After accurately called it, the Pi Coin now decreased to this range from 0.68 to $ 0.70 that we talked about. It is currently trading about $ 0.6847, a decrease of 3.43 % over the past 24 hours.
This decrease is not very surprising; It is just part of the continuous declining trend that we have seen reveal during the past two weeks. So, where can the price of the PI currency go today? Let’s take a look at the daily technical indicators of a clearer direction.
Technical indicators analysis
Looking at Relative power index (RSI)He sits at 24.928, which puts the rate of modified in the depth of excessive lands. When the relative strength index is less than 30 years old, this usually means that the sellers were controlling for a while. It also hints that we may approach a point where things can begin to settle, or at least stop before the next step.
Then there MACDAnd it is currently at -0.025. This negative value shows that the short -term momentum is still weaker than a long -term direction. In simple phrases: buyers have not entered yet, and the market still tends to drop.
the CCI (commodity channel index) It is in -131.3664, which only adds to the downward image. Anything below 100 means usually means that the price has decreased much less than its average and that the sellers are still driving the procedure. This indicates that the price of the PI is trading much lower than its average price and fights for its recovery.
the The final oscillatorWith reading 37.635, confirming increased purchase pressure. If the indicators remain less than 50, this usually means that there is not much ups in the market. So unless something changes quickly, such as increasing interest or size, the price of PI can remain on the weakest side.
the Change rate (ROC) Sitting in sharp -41.731, confirming how quickly the price decrease recently. It is a strong sign that the declining momentum is still playing and coincides with what we see through other indicators.
finally , Taurus power/bear (13) He sits at -0.3684, which indicates that the sale force is currently out of purchase. This indicator highlights that sellers remain in control, with minimal resistance to bulls.
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Pi -currency predictions
Based on technical indicators today, PI Coin shows strong momentum and remains under the pressure of sale.
Detaire scenario:
If the pressure pressure continues, there is a real chance for the coin, it may decrease to approximately $ 0.65. ROC, MACD and CCI refers to a weak market, at least at the present time.
Al -Swario Al -Swami:
But if buyers start to interfere around these levels, we may see short -term. This may pay the price about $ 0.74 to $ 0.76 – but it will take a decent leap in trading volume or a clear transformation in the momentum.
Today’s prediction:
The current data Signals, the price of a modified currency PI is expected to trade between $ 0.68 And $ 0.73 today. The market bias at the lower end of this range remain unless the momentum changes.
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