The PI coin closed less yesterday, dropping 2.20% to trade around $ 0.5770. The token continues to walk near a major zone support while showing signs of weakness in many technical indicators. As entrepreneurs are looking for clues to the next move, the PI network remains caught between the sale of pressure and a sequel to oversold.
Let's see where the price of the PI coin can go today.
Pi Coin's chart analysis
In writing, the PI Coin traded at 0.5770 in the sun -day chart. The price has been in a steady downtrend since early March, with lower highs forming with a downward trend. A recent attempt to break this trend between April 25 and 28 has failed, and the price has since returned to the support area between $ 0.57 and $ 0.52.
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This zone has acted as a major defense level for consumers throughout April. It was last tested during a sharp collapse on April 2, where a long wick suggested some interest in buying. However, recent price action has shown unconsciousness, with small candles forming near support.
Moreover, the 9-day simple transfer of average, currently at $ 0.6294, continues to act as a strong resistance. The price of the PI coin has remained under this line since mid-April, which has signed the ongoing bearish momentum. Above it, the next drawback seated at $ 0.68- $ 0.70, a region that refused previous recovery attempts.
Generally, the PI coin remains within a downward structure of the triangle, flat support with lower highs, which is often associated with bearish continuation unless damaged in the reverse.
Sun -day -day technical indicators
Most technical indicators continue to point toward weakness, with only one indication of potential short -term relief.
| Indicator | Value | Interpretation |
| MACD (12,26) | -0.066 | Bearish momentum remains in place |
| CCI (14) | -212.7564 | Oversold conditions suggest possible bounce |
| Ultimate Oscillator | 43.341 | Poor purchase |
| ROC (Rate of Change) | -4.757 | Confirmed downward momentum |
| Bull/Bear Power (13) | -0.0958 | Sellers are still in control |
CCI reading in deep oversold territory is the only potential sign that a short-term bounce can occur, but the other indicators remain aligned with a bearish trend.
PI Coin Price Proposal for May 1
If the PI network holds $ 0.57 zone support, it can try to retest the area of $ 0.61- $ 0.63. A break above $ 0.63 could lead to a push towards $ 0.68, even if it was likely to be in the firmer market support or increase in volume.
Breakdown below $ 0.57 finds targets downside at $ 0.54 and $ 0.52. A clear rest below $ 0.52 will prove the bearish pressure ongoing, with a possible fall at $ 0.45.
So far, the trend remains neutral in the bearish. Entrepreneurs should keep track of if the PI Coin price breaks above $ 0.63 or dropped below $ 0.57 to determine the next direction. More broader market sentiment, especially bitcoin performance, can be influenced if the PI finds support or continuous slide.
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