Pi Coin was a rugged journey again, as it fell about 15 % to about $ 0.9193, even after touching $ 0.9475 earlier in the day. The decrease came immediately after the outstanding symbol erupted over the main declining direction line that has been hindering it since March. Moreover, the trading volume decreased by more than 10 %, indicating that the momentum began to cool.
Earlier this week, the Pi Coin Price paid a strong payment over $ 1.50 but could not stick to these gains. This collapse attempt faced severe resistance, which led to a round of profit. Since then, the price has returned to a $ 0.90 region, which is now working as a potential support zone thanks to this previous penetration.
What the PI currency scheme shows
The Daily Chart explains that the price of Coin Pi has broken over a multi -price descending trend line but is now in a re -testing phase. The level of $ 0.90, where the price is currently hovering, is in line with the previously broken direction line and can serve as a support area if the bulls enter.
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Below is a wider request area ranging between $ 0.40 and $ 0.45, which was tested in April and firmly held. He refuses prices near $ 1.50, and the long upper fabric indicates that sellers are still strong at the highest levels. If current support fails, traders may search for basic offers approaching $ 0.75 or less. However, a $ 0.90 contract can open a new payment space towards a $ 1.00 region.
Technical indicators (daily time frame)
| index | value | explanation |
| RSI (14) | 57.13 | The bullish construction of momentum |
| MACD (12, 26) | 0.101 | Positive intersection, buy a signal |
| CCI (14) | 41.81 | Neutral, no clear trend |
| The final oscillator | 53.38 | Moderate upward pressure |
| ROC (change rate) | 53.25 | High momentum, buyers are active |
| Taurus power/bear (13) | +0.0213 | Fear climbing feature |
Most of the marichest indicators climb. The momentum remains on the side of the bulls, but not overwhelmingly. CCI neutral, indicating that there is no opposite direction, but also there is no sign of peak peak.
PI amended price for this day (May 16)
- Pessimistic
- Realistic
- goal: 0.80 dollars – 0.95 dollars
- The side work is likely to be around the current levels. Traders monitor the confirmation before taking directional parking, especially after the sharp decrease in size.
- Optimism
- goal: $ 1.00 – $ 1.05
- If Bulls succeeded in defending $ 0.90 support and size, Coin Price can restore the $ 1.00. A clean break above $ 1.05 will determine the way for renewable upward momentum.
What we got yesterday
In our prediction on May 15, we set three scenarios, with realistic state ($ 0.80 – $ 0.95) as the most likely. The Coin PI price is now trading in this range, confirming our expectations for unification after the failed completion. The level of $ 0.90 works as a major support, as expected, while indicators of size and momentum show cautious optimism but there is no aggressive transformation yet.
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