The price of PI Coin was one of the best weeks since late February, when the price of the local minimum wore about 20 % and is now trading about $ 0.73.
In the Parent Predic Predic Prices, we properly predicted that failure to break the resistance is more than $ 0.78 may lead to a decline towards the support scope from 0.72 to $ 0.73 and this is exactly what happened.
So, where is the PI network symbol heading today? Let’s take a look.
PI: Technical Analysis
Pi Coin recently erupted from a nomadic channel containing prices from March to early April. This penetration occurred on the fifth of April with a strong upward step and this may be a shift in the distinctive symbol path.
Since then, the price of PI has found stability higher than the previous resistance level as it is now moving sideways between $ 0.70 and $ 0.75.
Pi Coin is currently trading about $ 0.728, as it remains slightly lower than modern local levels but is still higher than the level of support of $ 0.70 on the daily chart, which indicates a generally medium -term look.
| index | value | explanation |
|---|---|---|
| RSI (14) | 65.43 | Near the purchase (70), but is still in the ups of the ups. Some space to go up. |
| MACD (12,26) | -079 | It is still negative but close to crossing. A bullish cross can happen soon. |
| The final oscillator | 47.557 | neutral; There is no excessive nor his arm in the peak. Detory slight bias. |
| ROC (change rate) | -6.013 | Negative ROC signs weaken momentum or potential decline. |
| Taurus power/bear | 0.1434 | A little positive indicates that the bulls have a slight upper hand in the current range. |
Technical indicators show mixed signals. MACD remains in negative lands, which means that the declining momentum has not completely disappeared. This was more confirmed by the ROC rate in -6.013, indicating a slowdown in the momentum after the last gathering. The final oscillator that reads less than 50 hints that the purchase force may decrease.
Despite these warning signals, there are still many bullish factors in playing. The penetration of the condolence channel represents a major structural transformation that remains good. The price maintains a higher package of $ 0.70, and the relative strength index is 65 years, and has not yet reached seen lands.
The current monotheism that follows the penetration can actually be optimistic if it is accompanied by a sufficient size of the next upward movement.
Pi Coin Price expectations today
If the Pi Coin managed to break and close $ 0.75 resistance with a strong RSI and a positive transformation in MACD, we may see a move towards 0.80 to $ 0.84. This goal depends on expectations from the last impulsive leg. Traders should search for a strong size and a difference of $ 0.75 as a certainty.
Instead, if PI fails to overcome the level of resistance of $ 0.75 and the relative strength index begins to decrease, we can see re -testing support areas at $ 0.695, and may extend to $ 0.67. This dumping scenario is likely to run if MACD remains negative, low trading volume, and ROC remains less than zero.
Tawheed under the resistance area directly indicates between $ 0.74 and $ 0.75 to a possible exhaustion of the last purchase pressure, making the next few hours decisive to determine the short -term direction.
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