Pi Coin (PI) continues to fight against the downward pressure, and today's graph reflects a familiar scheme. The Pi price is negotiated at around $ 0.58 when writing the editorial's time. This level is slightly higher than a key support area nearly $ 0.56, which acted as a cushion in the last month.
Whenever the price has dropped near this area, buyers intervened. According to the current 4 -hour table, this area has sparked at least five separate rebounds since early April
However, everything does not seem optimistic. Rebounds weaken each time, which could be a warning sign. At the same time, a descending trend line pushed the lower price, forming a series of lower ups.
This creates a descending triangle, a graphic motif which generally points to a downward continuation. Pi Coin is now just close to the apex of this triangle, which means that a major decision could happen soon.
Analysts warn against rupture if the support fails
The graph published by Investing.com, analyzed on the 5 -hour period, confirms the down pressure. The technical indicators flash warning signs for the PI network (PI), and the most important lean towards a continuation of the decline.
THE Relative force index (RSI) is currently at 34.74. RSI measures the speed and variation in price movements. A value of less than 30 is considered to be occurring, and although 34 is not yet there, it approaches. This shows a weakness in the purchase of the momentum.
THE Stochastic oscillator is 42.96. This momentum compares the IP closing price to its price range over a recent period. A value less than 50 is considered low, especially when associated with a downward trend.
THE High / stockings in the last 14 periods are negative at -0.0059. This indicator simply follows the difference between recent ups and stockings, and negative values suggest a lower price action.
THE Ultimate oscillatorwhich combines the short, medium and long -term momentum in a number, is 47.67. A reading below 50 suggests that there is no bullish dynamics at the moment.
THE Change rate (ROC) is at -1.62. This indicator measures the percentage of variation between the current price and the price of a specific period in the past. A negative rock means that the price is down.
The overall message of these indicators is clear – the sellers are always in control, and unless something changes, it could get worse.
Mobile averages paint a downward image for pi price
All major medium -sized mediums show a “sale” signal for PI. The 20 -day mobile average is about $ 0.5888, and the price is already negotiated slightly below. The 50 days, 100 days and 200 days mobile averages are also all higher at the current price, which suggests a coherent downward trend on all deadlines.
- Ma50 is about $ 0.60
- MA100 is about $ 0.62
- MA200 is up nearly $ 0.65
This confirms that the price of the PI part is blocked in a longer-term lower trend and fights to perceive the levels of resistance above.
Read also: How much 4,000 XRP tokens could be worth by 2026? Prediction of ripple prices
Pi Pion Price predicted for May 7
Given the technical indicators and the graphics configuration, the PI part is likely to stay under pressure today. If the $ 0.56 support is valid again, a rebound to $ 0.60 to $ 0.63 is possible, especially if the Bitcoin stabilizes. However, if the support is broken with a high volume, the PI part could slip quickly to $ 0.50 or even lower.
Unless the descending trend line is broken soon, bears can save the upper hand and trigger a deeper withdrawal. The situation is very close to a tilting point, and the following few candles could determine where Pi then heads.
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