Coin PI closed yesterday, as it decreased by 2.20 % to trading about $ 0.5770. The code continues to hover near a major support zone with the show signs of weakness through many technical indicators. While traders are looking for evidence in the next step, the PI network remains stuck between selling pressure and sales preparation.
Let’s see where the PI currency price can go today.
PI currency scheme analysis
When writing, PI Coin is traded at 0.5770 on the daily chart. The price has been in a fixed landing direction since early March, with a decrease in higher levels along the descending trend line. A modern attempt to break this trend between 25 and 28 April failed, and the price has since returned to the support zone between $ 0.57 and $ 0.52.
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This region worked as a major defensive level for buyers throughout April. It was last tested during a sharp decrease on April 2, when a long fuse suggested some purchase interests. However, the recent prices of prices showed a translation, with small candles formed near support.
Moreover, the simple moving average for 9 days, is currently at $ 0.6294, is still a strong resistance. The price of the PI has been less than this line since mid -April, indicating a continuous declining momentum. Moreover, the next obstacle is located at 0.68 – 0.70 dollars, an area that rejected the previous recovery attempts.
In general, the PI coin remains in a descending triangle structure, flat support with its highest levels, and the decline is often connected unless it is broken to the upward trend.
Daily technical indicators
Most technical indicators continue to indicate weakness, with only one hint to possible relief in the short term.
| index | value | explanation |
| MACD (12,26) | -066 | The landfill remains in place |
| CCI (14) | -212.7564 | Excessive conditions indicate a possible bounce |
| The final oscillator | 43.341 | Poor purchase power |
| ROC (change rate) | 4.757 | The momentum confirmed the landing |
| Taurus power/bear (13) | -0958 | The sellers are still controlling |
CCI reading in deep sales lands is the only potential sign that can occur in short -term, but other indicators remain parallel with a declining direction.
PI
If the PI network has a $ 0.57 support area, you may try to re -test an area of 0.61 – 0.63 dollars. A break above $ 0.63 can pay to $ 0.68, although this will likely be in support of the most stable or high market.
Less than $ 0.57 collapse finds negative goals at $ 0.54 and $ 0.52. A clear break less than $ 0.52 would confirm the continued decline pressure, with a possible decrease to $ 0.45.
Currently, the trend is still neutral. Traders must monitor if Pi Coin PRICE is $ 0.63 Or decrease to less than $ 0.57 to determine the next direction. The broader market morale, especially the performance of Bitcoin, may affect whether PI finds support or continues to slip.
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