Pi Coin holds near $ 0.6209 after earning 3.67 % over the past day, but the image is not as clear as it looks. Yesterday’s prediction towards the downward view of the neutral, and this appears to be playing. We highlighted that $ 0.58 was the main level of viewing, and so far, it is held. This support gave a Quinn price enough to wear short -term, but the broader technical preparation did not change much.
This upper step has not been directly rejected, but it is also not supported by a strong momentum. Most indicators still indicate the south, indicating that this recovery may not have much fuel behind it.
Currently, the price of the coin is hovering in the uncertain area. It can call for less than $ 0.60 to a negative side, and perhaps about $ 0.55. On the other hand, if the bulls can pay the price convincingly to more than $ 0.65, we may see a short -term penetration attempt.
It is the moment of waiting and watching the merchants. Let’s divide the latest technical signals and what it means to work today.
Technical indicators analysis
the Relative power index (RSI) Sitting in 36.76, which is less than the level of 50 neutral. This indicates a poor purchase and continuous control force by sellers. Although it is not in the excessive sale area yet, it is approaching, which means that the short -term bounce remains possible if the size supports it.
the MACD (12,26) It stands at -0.091 with no bullish intersection on the horizon. Pi Coin PRICE still showing the landfill. The graph also remains negative, and no signs have yet been provided, unlike the direction.
the CCI Channel Index (CCI) It is in -17.10, and it is close to the neutral lands. This indicates that the PI is not exaggerated strongly or outperforms this stage. It is more than a reference to the market frequency of the direction strength.
the The final oscillator in 43.37. This is less than the 50th point, which indicates that sellers remain a little stronger than buyers across multiple time frames.
the Change rate (ROC) It comes in -8.086, which is rare from the indicators. This technically suggests the value of buying, but only because the price has decreased quickly. It does not indicate the reflection of the direction – more like a candidate bounce.
the Taurus power/bear (13) It is in -0.0912, which confirms the continued decline in the market. The bulls have not yet entered with any force.
Also read: To what extent does the price of Unyxcoin (XCN) convert investment from 10 to 15 thousand dollars to a million dollars?
Pi Coin Price Outlook for 18 April
As long as the support lasts $ 0.58, the price of the PI currency may continue to trade in a scope of 0.60 – 0.62 dollars. The collapse above $ 0.65 may turn bias to a little top, which opens the door to $ 0.68 and possibly $ 0.70 in the short term.
However, if $ 0.58 fails to keep, the price may decrease about $ 0.55. The clean decrease of less than $ 0.55 will open a space for re -tests, especially with no bullish differences on the graph.
For today, the structure of the PI price is still neutral. The apostasy is possible, but it lacks technical support so far. All eyes are in the area of 0.58 – 0.60 dollars, which is likely to set the next step.
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