Pi Coin moved laterally in the past few days. The price shows some signs of stabilization after a week of constant decline. At the time of writing the editorial staff, PI is negotiated at around $ 0.58,977, slightly up 0.40% in the last 24 hours. The market seems uncertain and buyers and sellers seem to wait for a stronger signal.
This area between $ 0.58 and $ 0.60 turned into a key battlefield. From now on, the objective moves to find out if the PI room can break the resistance above or if it will go back to the support.
Pi Coin graphic analysis
Looking at the 4 -hour picture, we see a low downward trend that has started to lose steam. The price continues to go below the 200 -day EMA, which often indicates that the longer term trend is always negative. Whenever the price tries to climb higher, it responds to the resistance near the EMA. The sellers defend this level well.
There is a strong support between $ 0.565 and $ 0.570. This area has already been tested several times and has held firm. On the other hand, the price faces resistance at $ 0.600. This level acted several times as a ceiling during last week. For the moment, the price is blocked between these two zones, and a break in both directions could decide the following follow -up.
The candles from May 2 to 5 are small and tight. This shows that the market is in the low volatility phase. There is no strong momentum in both directions. A break could come soon, but the graph does not yet give a clear clue.
Technical indicators
Here is a quick overview of some key daily indicators for the PI room:
| Indicator | Value | Signal | What it suggests |
|---|---|---|---|
| MacD | -0.043 | Drop | The momentum is still downward |
| ICC | -88.16 | Near occurrence | A possible reversal can come soon |
| Ultimate oscillator | 41.05 | Weak | The purchase pressure is low |
| ROC (change rate) | -6.827 | Drop | The price has dropped recently |
| Bull / Bear Power | -0.0416 | Drop | Bears always hold a slight advantage |
| RSI (14, 4h) | 43.05 | Slightly lower | The momentum is soft, but not occurring |
Most indicators always indicate a weak momentum and a slight lower bias. The MacD is in negative territory, and the variation rate confirms a recent drop in price. The CCI is close to -100, which often marks the edge of occurrence conditions. If it continues, a short rebound could follow.
RSI is less than 50 but not yet almost 30 years old, so he reflects a neutral configuration to bastard. Overall, the indicators show that the market awaits a trigger, but the sellers are still slightly in advance.
Read also: The expert predicts Pi Coin Spike at $ 5: here is the chronology
Pi Pion Price predicted for May 5
For today, the price is likely to stay in the same narrow range, unless a clear break occurs. If the price exceeds $ 0.600 with a strong volume, PI could test the area of $ 0.615. It would be the first sign of the short -term bullish momentum. If he manages to push higher, the following goal could be $ 0.628.
However, if the price falls below $ 0.580, the support at $ 0.565 can get into play. A drop below which will probably open the track to $ 0.550.
Currently, the market is undecided. The short -term bias is slightly lower, but if the bulls take control, the price could change quickly. Merchants should look at the level of $ 0.600 closely today, because it can decide which team is winning.
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