Pi Coin remains stuck in a tight trading range, the price continuing to compress as volatility drops. In writing, Pi Coin Price is negotiated at around $ 0.5866, down almost 1% in the last 24 hours. The market is undecided, neither the buyers nor the sellers that are not strongly controlled.
The beach between $ 0.580 and $ 0,600 has become a key decision area. The price approaches the apex of a descending triangle, which generally leads to an escape, either upwards or a lower continuation.
Pi Coin graphic analysis
On the 4 -hour graph, the price of the PI piece forms a descending triangle model. This is a downward configuration unless the price is divided above the downward trend line, which has been pushing lower peaks since mid-April. The trend line is currently aligned with the resistance area from 0.60 to 0.615 $.
The support continues to maintain between $ 0.575 and $ 0.580. This area has been tested several times and remains a solid area for buyers. However, the price ranges just below the EMA at 9 periods, which is at $ 0.5892. Staying under this line keeps the short -term bias slightly bearish.
The candles of the beginning may have become smaller and tighter, showing a clear fall of the momentum. This low volatility phase suggests that a larger movement can form for the price of the PI part. But the graph still does not offer any confirmed break in both directions.
Technical indicators
Here is a quick overview of certain keyword indicators for Pi Coin:
| Indicator | Value | Signal | What it suggests |
| MacD (12.26) | -0.001 | Drop | The momentum is slightly negative |
| CCI (14) | -36.13 | Neutral | Light downward pressure, no high trend |
| Ultimate oscillator | 48.94 | Drop | Low purchase interest |
| ROC (change rate) | -0.204 | Drop | The price is slowly decreasing |
| Bull / Bear Power (13) | -0,0002 | Drop | Bears have a light edge |
| RSI (14, 1h) | 45.73 | Neutral | The market is undecided |
Most indicators continue to show neutral or lower signals. MacD and ROC are in negative territory, indicating slow momentum downwards. The RSI is less than 50, suggesting a gentle momentum without confirming a condition of occurrence. Overall, the technical configuration leans slightly down but without strong conviction.
Pi Pion Price predicted for May 6
For today, the price will probably remain in the narrow range of $ 0.580 to $ 0.600 unless a final breaks. In the event of an increase in the price of the PI part greater than $ 0.600 in high volume, It can test the brand of $ 0.615. This would mark a change towards the bullish momentum in the short term. A new decision could reach $ 0.628.
If the price does not hold $ 0.580, the following support is at $ 0.565. A break below that could accelerate the drop to $ 0,550. The overall trend remains low and merchants should continue to watches closely at the $ 0.600 area. This level is likely to determine the next direction in the price of short -term Pi Coin prices.
Also read: at what height does the price of the virtual (virtual) virtual protocol have to transform the investment from $ 10 to 15,000 in $ 1 million?
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