Markets

Predicting the price of Pi coin to today (May 11)


The PI coin had another big rally that exceeded $ 0.90 and reached the new high to about $ 0.9755. This happened after it broke through a long -term decline, paying the attention of many traders. Pi Coin is the best performer today, its price increases over 31% and trading volume increases by almost 16%.

Yesterday, in the forecast, we said that the price of the PI coin could end over $ 0.75 and reach $ 0.80-0.85. He did it and went even further. Now we have to figure out whether the pi coin will continue soon or pull back soon.

Let's look at the chart and key indicators to understand what may happen next.

What the PI coin diagram shows

In the diagram of the day, the price of the PI coin is broken through a strong drop line, which was held in March. This breakthrough was followed by a powerful rally and a market structure to a possible higher formation.

The price is now trading a far over 9-day mother, which is $ 0.7261. It signals a strong momentum as well as an overworked move. The candle of the last session is large and bullish, confirming a strong buyer. However, since the price is now a 1,00 -dollar psychological zone, but some resistance may have led.

Read also: Analyst predicts that Cardano Price could float to $ 2.90 if the classic Ada chart pattern repeats

Source: TradingView.com

Some of the pump seems to be driven by speculation on a significant exchange. According to Dr. Altcoin, the wallet acquired 70 million pi of OKX and now has 155 million chips. This has led to the suggestions that a large exchange like Binance can collect a list for PI.

Another tweet from Pinetwork noted the possibility of preparing for integration other brackets, such as Coinbase or Kraken.

Meanwhile, PI Network pointed out in Vietnames that OKX has less than 20 million pi, which refers to increasing demand and a shortage of supply.

Horizontal support between $ 0.54-0.60 is key to any correction. But now the bulls are completely under control.

What technical indicators say

Daily indicators are painting a A clear picture of a strong impulse as well as warning signs. RSI is 90.57 and CCI is 272.63, both deep in the area. This indicates that the setback or consolidation may take place soon.

Meanwhile, the MACD remains positive and ROC shows a quick price acceleration. The ultimate oscillator also confirms the bullish momentum, although it is also overload. The power of the bull/bear remains in favor of buyers, signaling that bulls still dominate the trend.

Summary of the PI -coin technical indicator (daily schedule)

IndicatorValueSignal
Rsi90.57Overloaded
Cci272.63Overloaded
Macd0.042Bullish
Ultimate oscillator73,20Overloaded
The rate of change (ROC)33.05Very bullish
The power of the bull/bear0.2781Bullish

PI coin price forecast for today (May 11)

Here are three possible results based on today's data:

Pessimistic scenario: If excessive signals trigger selling, PI coin can be pulled back to the area of ​​$ 0.72-0.75 or even testing $ 0.70.

Realistic scenario: The price of the PI coin consolidates between $ 0.90 and $ 0.975, allowing the market to cool after the recent rise.

Optimistic scenario: If the bulls is responsible, the Pi coin can break more than $ 1.00 and push for $ 1.20 for a short period of time.

What did we get right yesterday

Our forecast of May 10 stipulated that the breakthrough had passed from $ 0.75 and forecasted upside down to $ 0.85. The price of Pi coin not only met this goal but also crossed it by hitting high at $ 0.98. Both of the call to continue and careful about excessive levels turned out to be accurate.

The market now monitors closely, especially the big rumors of the exchange of exchange. Traders want to monitor the price behavior about $ 1,00 and monitor signs of turning. We will come back tomorrow with a new update.

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