Pi Coin started the week with a slow momentum in the aftermath of the dramatic price of Rollercoasser the dramatic price earlier this month. About $ 1.75 on May 11, the distinctive symbol was sharply corrected and is now trading over $ 0.73. The latest procedure shows signs of fatigue, but the main indicators indicate that buyers may still be suspended – at the present time.
Let’s disintegrate the future today.
What we got yesterday
In Coin PI expectations yesterday, we stressed the importance 0.70 dollars support zone And note that the price was likely Enter a stage of the unification of the side Unless the bulls regain strength. This is exactly what was played – PI kept more than $ 0.70 and moved in a narrow range ranging from $ 0.72 and $ 0.75 all day long.
We also highlighted Decrease Through multiple indicators, indicating that there is no immediate outbreak. This analysis is still possible and we go to today’s session.
Overview of the daily PI (May 20)
- The current price: 0.7324 dollars
- Change 24 hours: -0.65 %
- 4H RSI: 42.73
- QuantityLess compared to the days of peak
The price has been unified in a narrow range during the past few days, with short candles and low crumbs that indicate a lack of directional condemnation. The main support level consists of about $ 0.70, while the resistance area ranges between $ 0.80 and $ 0.85.
What the PI currency scheme shows
The graph for 4 hours reveals that the PI is located in A. Cooling stage. After its equivalent operation earlier in May, the distinctive code has slowly towards the support range at $ 0.70 – $ 0.72. The volume decreased significantly, and the price movement has been settled – a sign that the market is waiting for a new catalyst.
Despite the declining decline, there is no clear breakdown yet. As long as the level of $ 0.70, there is room for unification before the next station.
Technical indicators (daily time frame)
| index | value | Sign / Interpretation |
|---|---|---|
| MACD | +0.032 | Moderate as a mild, weak momentum |
| ADX | 27.41 | Moderate and vanishing power |
| CCI | -37.03 | Slight pressure |
| The lower/lower | -0033 | A flat structure, no outbreak or collapse |
| The final oscillator | 36.83 | Weak weakness purchase |
| ROC (change rate) | 26.88 | Strong upward momentum (buy a sign) |
| Taurus power/bear | -0.101 | Slight domination |
summary: Most indicators indicate a moderate, mild feeling to neutral. ROC stands out with a climb momentum, but without confirmation of MACD or Volume, it is not enough to indicate the outbreak of itself.
Pi -currency predictions scenarios
- The climbing scenario: If the PI currency is broken more than $ 0.80 – $ 0.85 with a strong size, it becomes about $ 0.95 – $ 1.05 possible.
- Neutral scenario: If PI Coin is higher than $ 0.70, expecting a side movement between $ 0.70 and $ 0.80.
- Detate scenario: A breakdown less than $ 0.70 can send the price to $ 0.65 or even $ 0.60 in the short term.
conclusion
It is clear that the PI is no longer in the explosive stage that we saw two weeks ago. The momentum is cool, and the indicators show mixed signals. The market is likely to wait either a new advertisement or a stronger purchase department before making its next step.
If you are a short -term trader, continue to monitor 0.70 dollars support zone. The daily closure can open at the bottom of this level to correct deeper correction. On the other side, an increase above 0.85 dollars With size, the setting setup can refresh.
For today, the most likely path is Side’s continued sealingUnless buyers appear renewed by the American market hours.
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