Pi Coin has been moving sideways over the past few days. The price shows some stability marks a week after the steady decline. At the time of writing this report, PI is traded by about $ 0.58977, a slightly 0.40 % increase in the past 24 hours. The market seems uncertain, and it seems that buyers and sellers are waiting for a stronger signal.
This region turned between $ 0.58 and $ 0.60 to a major battlefield. Now, the focus turns into whether Coin PI can break over the resistance or if it will increase towards support.
PI currency scheme analysis
Looking at the graph for 4 hours, we see a weak and weak direction that started to lose its vapor. The price continues to move to less EMA for 200 days, which often indicates that the longest -term trend is still negative. Every time the price tries to move above, it meets the resistance near the EMA. Sellers defend this level well.
There is a strong support of about $ 0.565 to $ 0.570. This area has already been tested several times, and a company was held. On the other hand, the price faces resistance at $ 0.600. This level was a ceiling several times last week. Currently, the price is stuck between these two regions, and it can decide to penetrate in either direction the next step.
Candles from May 2 to May 5 small and narrow. This indicates that the market is in a stage of low fluctuations. There is no strong momentum in either direction. The penetration can come soon, but the graph does not give a clear hint yet.
Technical indicators
Below is a quick overview of some of the main daily indicators of PI:
| index | value | signal | What suggests |
|---|---|---|---|
| MACD | -043 | bearish | The momentum is still on the negative side |
| CCI | 88.16 | Near Over | A possible opposite may come soon |
| The final oscillator | 41.05 | weak | Buy low pressure |
| ROC (change rate) | 6.827 | bearish | The price recently decreased |
| Taurus power/bear | -0416 | bearish | Bears still have a simple feature |
| RSI (14, 4H) | 43.05 | Slightly | The momentum is soft, but not from its age |
Most indicators still indicate poor momentum and slightly declining bias. MACD in negative lands, and the change rate is confirmed recently in the price. CCI is close to 100, which often represents the edge of the sale conditions. If this continues, a short bounce can follow.
RSI is less than 50 but not near 30, so it reflects the neutral preparation to the seed. In general, indicators show that the market is waiting for the trigger, but the sellers are still slightly at the forefront.
Also read: The expert predicts Pi Coin to $ 5: Here is the schedule
Pi Coin PRICE ProCUNTION 5 May
For today, the price is likely to remain in the same narrow range unless there is a clear outbreak. If the price rises above 0.600 dollars with a strong size, PI can test the $ 0.615 area. This will be the first sign of the bullish momentum in the short term. If you can pay up, the next goal may be $ 0.628.
However, if the price decreases to less than $ 0.580, support may play at $ 0.565 again. The lower road below is likely to open about $ 0.550.
Now, the market has not been decided. The short -term bias is a little bit, but if the bulls control, the price may turn quickly. Traders must see a level of $ 0.600 closely today, as it may decide the side victory.
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