Pi Coin Price Prediction for Today (April 27)

The Pi Coin (PI) price has recently shown signs of weakness after weeks of sideways and downward price actions. Since early April, the price of the PI network has gradually climbed, respecting a clear upward pace to the 4-hour chart. Each sink along the method was addressed with the purchase of pressure.

However, things have changed. Yesterday, PI broke down the key climbing key. At the time of writing, the PI price traded around $ 0.6501, just under the former support line. The breakdown is not very aggressive, but what matters is a full 4 -hour candle closed under the trendline and that is a clear bearish signal.

When an important trendline breaks in a higher timeframe like the 4 -hour chart, it usually suggests that the sentiment on the market is moving. Buyers are losing their grip, and sellers are slowly starting to control.

If there is further pressure sale in the next few candles, the PI coin can slide to the next minor support between $ 0.62 and $ 0.60, and if momentum continues, even the lower level can play. Unless the PI manages to quickly get the broken pace of strong candles, now doesn't seem to promise for the token.

Looking at the piusdt chart data from investing.com, hourly indicators show mixed but leaning rich signals.

The Relative Strength Index (RSI) is currently in 51.993which is neutral. RSI measures the momentum, and a reading around 50 suggests that buyers or sellers have a strong advantage. However, since we are almost not just above the midline, it shows that the bullish momentum that is seen earlier has weakened.

The Stochastic oscillator (stoch 9,6) standing on 45.224also indicates a neutral reading. Like the RSI, it tells us that the Pi Coin is not currently in the excessive territory, but it is leaning against the middle, suggesting uncertainty.

The Commodity Channel Index (CCI 14) Shut up -28.6685another neutral signal. This means that there is no strong trend that develops today – buyers and sellers are still fighting for control after the trendline break.

Meanwhile, the Ultimate Oscillator gives reading of 47.961 with a Sell Signal. This is a bearish sign because it combines different timeframes to measure momentum. Reading under 50 with a sales mark often proves that the pressure begins to move down the downside.

Finally, the RATE OF CHANGE (ROC) The indicator is in -1.701signal a Sell. This negative ROC shows that the PI price has been losing value compared to the past, strengthening the bearish perspective.

When it comes to moving averagesThat often acts as dynamic supports and resistance levels, the situation is somewhat divided but still worrying.

• The 50-period ma sitting on $ 0.6383 (Buy) and $ 0.6443 .
• The 100-period ma In $ 0.6406 (Buy) and $ 0.6776 (Sell) shows that there is little support on the lower part, but the resistance is not far from the top.
• The 200-period ma is higher than $ 0.7640 (Sell) and $ 0.8213 (Sell), which proves that the longer momentum is still bearish, and the price of the PI network has a lot of work to do to recover.

Also Read: Real Reasons Avoid Blackrock of an XRP ETF: Special Views

Considering all the factors: the deterioration of the trend, the mix -up but the indicators, and the transfer of the situation of the averages, today's views for the Pi Coin Leans Bearish.

The most likely scenario for now is that the PI price will either combine slightly below the broken trendline or drift less towards the minor support area around $ 0.62- $ 0.60. If consumers fail to walk as soon as possible, further downward pressure may develop. On the flip side, if a sudden spike in volume drives the price above the broken trendline (which is now acting as resistance), Pi may try to stabilize around $ 0.65- $ 0.66.

Even today, the path of at least resistance seems to be down.

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