Yesterday’s expectations have warned that failure to obtain $ 0.58 support could lead to a decrease of about $ 0.54, and that the market moved accordingly. Coin Coin is now trading about $ 0.5778, after a modest increase during the day by 0.66 %, but the downward pressure is still visible in all major indicators.
Although this step is not like the previous sessions, the feelings remain negative, as most technical signs are still shown in red.
Where can the price of the PI currency go today? Below is a look at the latest data and what the movement may mean in the short term.
Also read: Bitcoin KEY “buy”: Was the BTC price set for its recovery?
Technical indicators analysis
the Relative power index (RSI) It stands at 27,635, indicating that the PI is still firmly in the sales lands. The relative strength index appears less than 30 usually that sellers have taken control of some time. While this sometimes puts a potentially bounce, there is no indication of the bullish reflection yet.
MACD (12,26) It is still in negative lands at -0.088, which confirms that the momentum still prefers the negative side. The MACD graph also accommodates, indicating that the declining momentum may continue in the short term.
CCI Channel Index (CCI) He decreased to -95.405, which enhances the idea that the price of the PI is circulating much lower than its average level. This indicates a weak direction without immediate support from buyers.
the The final oscillator He is currently reading 40.897, still less than 50 neutral line. This indicates that the purchase activity is weak in all timelines and is compatible with the broader declining preparation.
the Change rate (ROC) Sitting at -3384, which confirms how quickly the price of the PI currency is in the last sessions. Along with other signs, this indicates the continuing negative risks.
finally, Taurus power/bear (13) It is in -0.2263, indicating that the bears still control the price procedure in the short term.
Pi -currency predictions
Detaire scenario:
If the sellers maintain control, the price of the PI will decrease to the area of 0.54 – 0.55 dollars. Indicators such as ROC, MACD and CCI emphasize a strong declining momentum, while maintaining the right direction right at the present time.
Al -Swario Al -Swami:
If buyers start accumulating at the current sales levels, PI may try to recover with limited recovery. Short The price of the coin can be paid again about $ 0.59 – $ 0.61 The range, but this will need a clear rise in size and stronger purchase momentum.
Today’s prediction:
Based on the current data, the price of the PI currency is likely to trade between $ 0.54 and $ 0.60. The market bias remains down unless a transformation in the momentum appears during the trading day.
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