The PI coin price has sank 2.5% in the last 24 hours and is now trading a little below the $ 0.60 level. In the weekly timeframe, the coin disappeared around 8.5% in Valuee.
Yesterday, we predicted that a fall below $ 0.57 or breaked above $ 0.63 could determine the next direction of coin, but also did not happen. Let's see where the price of the PI coin is currently being led.
Where the price of the PI coin is now standing
The PI Coin traded just below $ 0.60. Price tried to move higher on April 30 but failed to handle the breakout. Since then, it has moved on the sideways and stays under objection. There is no clear direction now.
The 4 -hour chart shows a short -term downtrend. The price produces lower high and lower lows from mid -April. This pattern usually means that sellers are still in control. If consumers do not walk as soon as possible, the price may continue to fall.
There is a strong resistance between $ 0.60 and $ 0.62. This zone has declined the price several times. If PI drops below $ 0.57, the next support will be around $ 0.52. That level has acted as a bounce point before.
Recent candles have long wicks on either side. It shows uncertainty in the market. Neither buyers nor sellers have a clear advantage today.
Also Read: The KASPA price at 15% of XRP market cap may surprise you
Main Signals of Technical
Most indicators point to weakness. The MACD is at -0.054, which shows the bearish momentum. CCI is in -123, which means that the owner is in the extra territory. That may suggest a bounce, but it still matches the general weakness.
The Ultimate Oscillator is at 41.8, which is below the neutral level of 50. It shows that there is little strength from the consumers. ROC is at -6.74, which proves downward momentum. The strength of the bull/bear is at -0.0425, showing that the bear still has the edge.
| Indicator | Value | Interpretation |
|---|---|---|
| RSI (14) | 43.53 | Poor momentum, near oversold territory (<50 is bearish) |
| MACD | -0.054 | Bearish crossover active, negative momentum |
| CCI | -123.52 | Oversold signal (below -100 is considered oversold) |
| Ultimate Oscillator | 41.83 | Below 50, indicating bearish momentum |
| ROC (Rate of Change) | -6.744 | Strong descending momentum |
| Bull/Bear Power | -0.0425 | Bears are currently stronger than Bulls |
Coin price prediction for May 2
If the price drops under $ 0.57, it can drop to $ 0.56 or even $ 0.52. The indicators support this outcome. Most of them suggest that sellers are still in control.
However, if the PI destroys above $ 0.60 with a strong volume, a short -term rally is possible. In that case, it can move towards $ 0.63. If that level is also broken, the price can revisit the $ 0.68, which is a joint of the zone in April. In order for this case to happen, the MACD must be positive and the RSI must rise above 50.
So far, the PI coin is on a tight range. The market is waiting for a clear move before deciding in the next direction.
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