The PI is still pressing because it is struggling to climb over the resistance. It seems that things may settle earlier this week, but the price may be held again with less than some of the main short -term levels.
When writing, the price of Coin PI is traded by about $ 0.5790, which is a slight decrease of 0.21 % over the past 24 hours. The market was very calm, as the price moves in a narrow range. Traders seem to stop until there is a clear outbreak that shows the place where the price may go after that.
The scope of $ 0.56 to $ 0.60 has become the main battlefield. The buyers have done a decent work carrying the line at $ 0.56, but each time the price approaches $ 0.59, the sellers intervene. If any of the two sides give the way, we can finally see some directions.
PI currency scheme analysis
On the daily chart, the price of the PI metal currency has been in a long direction since March. The descending trend line formed a strong ceiling for the price, which constantly led him to a decrease with every failed outbreak. The price is also traded less than EMA for 9 days, which is about $ 0.5940. This moving average acts as a dynamic resistance and has crowned any upward movement in the last sessions.
Support sits firmly about the $ 0.56 sign, a level that has been tested several times since early April. If the price falls below this support, the following areas to see are $ 0.52 and possibly $ 0.48. On the upper side, the collapse above both Trendline and EMA may change the momentum, as a room to move is opened about $ 0.63 or even $ 0.66.
Candlers over the past few days have been small and long, indicating low fluctuations and frequency. This type of pressure often leads to sharp outbreak, but the trend is still unclear at this stage.
Technical indicators
Below is a quick overview of some of the main clock indicators of PI:
| index | value | signal | What suggests |
| MACD (12,26) | -039 | bearish | The momentum is still in favor of the sellers |
| CCI (14) | 92.79 | bearish | On the verge of excessive work, but there is no reflection yet |
| The final oscillator | 36.97 | weak | Low purchase pressure |
| ROC (change rate) | 12.669 | bearish | The price decreased sharply |
| Taurus power/bear (13) | -0405 | bearish | Bears dominate the short -term direction |
| RSI (14) | 37.08 | Slightly | The momentum is weak, but it is not thorny |
All indicators indicate that the market is still in a declining stage. MACD remains negative, while CCI and ROC confirm twice the strength of the price. The 37 relative power index is approaching, indicating a soft momentum without the sale completely increased. There is no strong purchase signal yet, and the sellers are a little progress in this time frame.
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Pi Coin PRICE prediction on May 8
Today, the Pi currency is likely to remain within its current range unless there is a clear outbreak. If the price can pay more than $ 0.5940 and break the descending trend line, it may move about $ 0.63. This will be the first sign of a possible short -term recovery. The step that exceeds an area of $ 0.66 may target.
However, if the price slides Less than $ 0.56 support, the price of the PI can decrease quickly About $ 0.52 or even less. With the presence of the chart that shows the tightening price procedures and technical indicators that prefer sellers, short -term expectations tend to land a little.
The main levels to see today are $ 0.56 on the downside and $ 0.594 on the top side. It is possible that a decisive step in any of the two directions will be determined for the next few days.
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