After a significant decrease yesterday, the PI Coin moved much less than the expected range. It is now traded about $ 0.5645, a decrease of 17.03 % in the past 24 hours.
This sharp decline follows the same declining momentum that we have been following during the past few days. It intensifies the pressure pressure, which prompted the price to its lowest levels in the short term. So, where can the battle currency be transferred from here? Let’s divide the technical indicators today.
Technical indicators analysis
the Relative power index (RSI) He is now sitting at 22.199, deep in the sales lands. When RSI falls this, it usually means that the original has been sold severely, and although it can hint to a possible stop or recovery, it does not guarantee a reflection unless the momentum turns.
the MACD Sitting at -0.043, which still shows the landfill. The short -term trend is weaker than the long -term average, and with no bullish intersection on the horizon, the price may continue to slip.
the CCI (14) It returns to -171.024, which enhances the idea that the price of the PI is circulating much lower than the last average. It reflects the pressure of strong sale and the sign of little stability at the present time.
the The final oscillator It decreased to 31.19, and the survival is much lower than 50 marks. This confirms the weak purchase activity and continuous declining pressure, in line with other indicators.
Looking at Change rate (ROC)We see sharp -46.133. This tells us that the pace of decline is very slope, and is identical to the heavy sales that we have seen over the past 24 hours.
finally, Taurus power/bear (13) It is in -0.4472, indicates that the bears remain under control. Buyers have not appeared in any way yet.
Also read: Experts predict the main bounce of the XRP price with a flashing key signal
Pi -currency predictions
Based on today’s data, the Pi Coin continues to show a strong declining momentum without any clear signs of recovery.
Detaire scenario:
If the pressure pressure remains strong, The price of the PI coin can decrease beyond $ 0.52 To $ 0.50 support zone. It supports indicators like ROC, MACD and CCI are all continuing in the current direction at the present time.
Al -Swario Al -Swami:
If there is a bounce of RSI levels in the sale, a short -term move may occur about $ 0.60 to $ 0.63. But this requires picking up in size or turning in momentum, none of them has yet been confirmed.
Today’s prediction:
The price of the PI is expected to trade between $ 0.52 and $ 0.60 today. The current bias remains down unless a new purchase is shown.
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