Pi Coin (PI) continues to conflict with a declining pressure, and today the scheme reflects a familiar pattern. The PI price is traded about $ 0.58 at the time of this report. This level is just higher than the main support zone near $ 0.56, which spent like a pillow during the past month.
Every time the price decreases near this area, buyers enter. According to the current graph for 4 hours, this region has raised at least the most wonderful separate since early April
However, not everything looks fast. The highlands come every time, which can be a warning sign. At the same time, the descending trend line was pushing the price to a decrease, and it forms a series of low heights.
This creates a descending triangle, which is a striped pattern that usually indicates a declining continuation. Pi Coin now finds itself near the top of this triangle, which means that the main step may be soon.
Analysts warn against collapse if support fails
The graph published by Investing.com, which was analyzed during the time frame for 5 hours, confirms the declining pressure. Technical indicators are the script signs of PI (PI), and most importantly, they tend to continue to decline.
the Relative power index (RSI) He is currently in 34.74. RSI measures the speed and change of price movements. The value of less than 30 years is exaggerated, and although 34 it has not yet existed, it is approaching. This indicates the weakness of buying momentum.
the Stochastic oscillator It is in 42.96. The momentum index compares this closing price of PI in its price range during a modern period. The value is less than 50 weak, especially when it is paired with a declining direction.
the The lower/lower during the past 14 periods Negative at -0.0059. This indicator simply tracks the difference between modern highlands and declines, and negative values indicate a declining price.
the The final oscillatorWhich combines short, medium and long momentum in number one, sitting in 47.67. Reading below 50 indicates that there is no strong upward momentum at the present time.
the Change rate (ROC) It is in -1.62. This indicator measures the percentage of change between the current price and the price from a specific period in the past. Negative ROC means that the price decreases.
The total message of these indicators is clear – sellers are still controlling, and unless something turns, it may get worse.
Average average drawing a declining image of the PI price
All major moving averages show the “sale” signal for PI. The moving average for 20 days is about $ 0.5888, and the price is already trading a little less. The moving averages are 50 days, 100 days and 200 days higher than the current price, indicating a steady drop in all time frames.
- Ma5 He sits at about $ 0.60
- Ma100 About $ 0.62
- Ma200 It is near $ 0.65
This confirms that the price of the PI metal currency is stuck in the direction of a long -term landing and struggles to penetrate from the levels of the resistance above.
Also read: How much can the distinctive codes of 4000 XRP by 2026? Automing price prediction
Pi Coin PRICE prediction on May 7
Looking at technical indicators and preparing the graph, the PI is likely to remain under pressure today. If $ 0.56 continues again, the bounce is about $ 0.60 to $ 0.63, especially if bitcoin settles. However, if the support is broken in a strong size, the PI may slip at about $ 0.50 or even less.
Unless the waiver line is not broken soon, the bears may gain the upper hand and lead to a deeper decline. The situation is very close to the turning point, and the next few candles can locate the next PI head.
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