The price of the PI network has finally invented some of the main resistance levels yesterday and now shows early signs of a short -term transformation. After spending several sessions moving sideways, the price jumped and now flying about $ 0.6297, an increase of approximately 9 % in the past 24 hours. This drew the attention of this merchants, although many of them are still cautious because technical indicators send mixed signals.
Currently, the region turned from 0.59 to $ 0.60 to a support zone, and all eyes are at the next resistance level about $ 0.66. Whether this penetration carries or loses Steam is likely to become more clear in the next few hours.
PI currency scheme analysis
On the daily chart, the price of the PI currency collapsed over the disputed trend line that has kept the price under pressure since March. The upcoming daily candle closed from May 8 over EMA for 9 days, adding more strength to this step. This technical hack may represent the beginning of the trend if the bulls can maintain control.
The area of 0.56 – 0.59 dollars remains a major support area. This level has been tested several times during the past few weeks, and buyers have been constantly motivated. The next challenge lies in paying the level of $ 0.66. If the price fails to get more than $ 0.60, there may be a risk of decline towards the support scope.
The candles in the hour leading to May 9 show some frequency after the collapse. While buyers made a strong movement, the market still digests this change. Whether or not, the bulls will depend on size and momentum during the next few sessions.
Technical indicators
Below is a snapshot of the current clock indicators for the price of PI:
Also read: Kaspa at a major crossroads again: expected fluctuation – where is the price heading after that?
| index | value | signal | What suggests |
| MACD | -031 | bearish | The momentum is still weak below the signal line |
| CCI | 39.01 | neutral | There is no strong trend, the market is not decisive |
| The final oscillator | 51.2 | Moderate ascension | Buyers have a simple feature |
| ROC | 3.135 | bearish | The price has declined a little after payment |
| Taurus power/bear | 0.0202 | Climb | Bulls show signs of strength |
| RSI (14, 1H) | 47.08 | neutral | The momentum is balanced, there is no clear direction |
The indicators are mixed. MACD and ROC remain down, while the final oscillator and the power of the bull indicate the interest of the moderate buyer. RSI and CCI remain in the neutral area, indicating that the momentum is built but not yet decisive.
Pi Coin PRICE prediction on May 9
For today, Pi Coin may try to re -test the resistance level of $ 0.66 if the price exceeds $ 0.60. It can open a clear step above $ 0.66 with a road size towards 0.70 – 0.75 dollars.
On the negative sideIf the price of the PI falls to less than $ 0.59, there is a risk From a decrease of about $ 0.56 again. Move below that will slow the penetration and bring $ 0.52 in focus.
Expectations remain neutral to somewhat climbing if the price exceeds $ 0.60. Watch the level of $ 0.66 carefully – it is likely to determine whether this hack can last up.
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