Pi Coin showed more weakness after failing to maintain the main support of the trend line. The price broke out below this level two days ago, then tried to refuse, but it only managed to re -test the old support as a resistance. This happened at about $ 0.77 on the graph for 4 hours. After failing to collapse higher, the PI price decreased yesterday, reaching about $ 0.73 before it was finally closed near $ 0.74.
In yesterday’s analysis, we noticed that the price of the PI can trade between $ 0.73 and $ 0.78 if the resistance is not broken. This is exactly what he played. Now, the big question is, what is the next?
Let’s take a look at what the indicators show.
Technical indicators: What tells us signals
According to the latest 5 -hour scheme on Investing.com, most technical indicators tend to emotional feelings. Here is a summary of their readings:
| index | value | explanation |
|---|---|---|
| Relative power index (RSI 14) | 47.426 | Neutral |
| Stockick oscillator (Stoke 9,6) | 39.83 | Selling – indicates that the declining momentum is likely to continue |
| Moving medium rapprochement divergence (MACD 12,26) | -015 | Selling – indicates controlling the declining momentum |
| The final oscillator | 44.758 | Sell - suggests that sellers are more dominant in the short term |
| Change rate (ROC) | -245 | Selling – a slight negative momentum appears |
| Taurus power/bear (13) | 0.014 | Purchase – Offers are still trying to fight, but the signal is very weak |
In general, most of these indicate that building pressure on PI prices, especially as trading continues without short -term resistance levels.
Motion intermediate averages show more risk of the negative side
Animated intermediate averages add more context to the artistic image. Each of the simple moving averages and captivity across the main time frames show weakness.
| Mobile average | Simple Master | signal | sorrow | signal |
|---|---|---|---|---|
| Ma5 | 0.8214 | He sells | 0.7921 | He sells |
| Ma100 | 0.7983 | He sells | 0.7907 | He sells |
| Ma200 | 0.7196 | He buys | 0.8078 | He sells |
This indicates that the price of the PI coin is less than most average average and mid -time, which indicates the continued decline. The only bright point is that the simple M200 is still lower than the current prices, indicating that some long -term support may be located near $ 0.72.
Pi Coin PRICE prediction on May 28
Given the current market preparation, there are three possible trends that PI can take today:
Detaire scenario:
If PI fails to seize $ 0.74 and sellers control again, the price may decrease about $ 0.72 or even test a $ 0.70 area, which would match the homosexual signals of indicators and moving averages.
The neutral scenario:
PI may remain in monotheism and trade side between $ 0.73 and $ 0.77. This will happen if traders are not decisive and its size remains low.
Al -Swario Al -Swami:
If the Pi Coin is able to restore $ 0.77 and pays over it with strong momentum, we can see that it is testing $ 0.80 again. This will require a sudden change in market morale or strong purchase pressure.
Also read: Can Kaspa be the largest winner of this run? Analyst makes the bold comparison kas
Currently, PI Coin shows weaknesses, especially after losing main support levels and failing to bounce strongly. Most indicators and moving averages indicate that the declining pressure is still strong. However, there is still some long -term support below the current levels. The decisive step exceeding $ 0.77 would flip the outlook short -term, but unless that happens, the bias for this day remains cautious about relegation.
Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Read the recent encryption market updates, news and technical analysis here.
We recommend etoro
The community of active users and social features such as news extracts, and chats to obtain specific metal coins available for trading.
A wide range of assets: cryptocurrencies along with other investment products such as stocks and traded investment funds.
Trading copies: It allows users to copy prominent traders trading, for free.
Easy to use: ETORO web platform on the web -based etoro and the mobile application is easy to use and easy to move.
