Pi Coin always feels the pressure as it fights to climb over the resistance. It seemed that things could settle earlier this week, but the price is stuck again below certain key levels in the short term.
During writing, Pi Coin Price is negotiated about $ 0.5790, slightly down 0.21% in the last 24 hours. The market was quite silent, the price evolving in a tight range. The traders seem to hold back until there is a clear break that shows where the price could then go.
The fork from $ 0.56 to $ 0.60 has become the main battlefield. Buyers have done a decent job by holding the line at $ 0.56, but each time the price approaches $ 0.59, the sellers intervene. If each side gives way, we could finally see a certain direction.
Pi Coin graphic analysis
On the daily graphic, Pi Coin Price has been in a prolonged downward trend since March. A descending trend line formed a solid ceiling for the price, pushing it constantly lower with each failed break. The price is also negotiated below the EMA at 9 days, which is about $ 0.5,940. This mobile average acts as a dynamic resistance and has capped any upward movement during recent sessions.
The support is firmly around the bar of $ 0.56, a level that has been tested several times since early April. If the price falls below this support, the following areas to be monitored are $ 0.52 and possibly $ 0.48. Uplining, an escape above the trend line and the EMA could change dynamics, an opening room for a movement to $ 0.63, or even $ 0.66.
The candlesticks in recent days have been small and linked to the beach, signaling low volatility and indecision. This type of compression often leads to a clear break, but the management remains clear at this stage.
Technical indicators
Here is a quick overview of certain keyword indicators for Pi Coin:
| Indicator | Value | Signal | What it suggests |
| MacD (12.26) | -0.039 | Drop | The momentum is still in favor of sellers |
| CCI (14) | -92.79 | Drop | Approaching the occurrence, but not yet inversion |
| Ultimate oscillator | 36.97 | Weak | Low purchase pressure |
| ROC (change rate) | -12,669 | Drop | The price has dropped sharply |
| Bull / Bear Power (13) | -0.0405 | Drop | Bears are controlling the short -term trend |
| RSI (14) | 37.08 | Slightly lower | The momentum is low but not occurring |
All indicators suggest that the market is still in the bearish phase. The MacD remains negative, while the CCI and the ROC confirm the low price strength. The RSI is almost 37 years old, showing a soft momentum without being completely occurring. There is not yet a strong purchase signal, and the sellers are slightly in advance within this period.
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Pi Pion Price predicted for May 8
Today, the PI room is likely to stay in its current beach, unless a clear break occurs. If the price can push over $ 0.5940 and break the downward trend line, it could evolve around $ 0.63. This would be the first sign of a possible short -term resumption. One step beyond could target the $ 0.66 area.
However, if the price slips Below the $ 0.56 support, the price of the PI room could drop quickly Around $ 0.52 or even lower. The graph showing the tightening of prices and technical indicators promoting sellers, short -term perspectives lean slightly downwards.
The key levels to be monitored today are $ 0.56 on the decline and $ 0.594 upwards. A decisive movement in both directions will probably take the tone for the next few days.
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