Yesterday’s Outlook warned that his inability to keep his support of $ 0.58 can trigger a decline towards $ 0.54 and that the market could move accordingly. Pi Coin is currently trading around $ 0.5778 after a modest increase of 0.66%, but the decline pressure is visible in all key indicators.
Although the movement is not as sharp as previous sessions, most emotions are still red.
So where could Pi Coin Price go today? Here’s the latest data and a look at what it can mean for the short -term movement.
Also read: Key Bitcoin indicator flash ‘Buy’: BTC price will be saved?
Technical Indicators Analysis
. Relative Power Index (RSI) It stands in 27,635 and the pi mine shows that the coin remains tightly in the extremely -storey area. A RSI under 30 shows that sellers have been dominant for a while. This sometimes creates a potential leap, yet there is no indication of the rise.
Macd (12,26) He still confirmed that in the negative region on -0.088, this continued to support the disadvantage of momentum. The MACD histogram is also expanding, which suggests that the downward momentum can continue in the short term.
Commodity Channel Index (CCI) It fell to -95.405 and strengthened the idea that the coin price was traded well below the average level of money. This shows that buyers have a weak tendency without immediately signs of support.
. Final oscillator He is currently reading 40,897, still below the neutral 50. This indicates that the purchasing activity is weak in all time periods and aligned with a wider decrease installation.
. Change Rate (ROC) In the last sessions, the pi mine is sitting in -34,384, verifying how fast the price of money has fallen. When combined with other signals, this shows downward risk.
Finally, Taurus/Bear Power (13) -0.2263 shows that Bears still controls the short -term price action.
Pi Money Price Estimation
Low Scenario:
If the sellers maintain control, the price of the pi mine may drop further towards the area of $ 0.54 – $ 0.55. Indicators such as ROC, MACD and CCI confirm the powerful downward momentum by keeping the decline tendency intact.
Ascension scenario:
If recipients begin to accumulate at existing extreme line levels, the pi mine may attempt to heal a limited improvement. Short rally Pi can push the money price price to $ 0.59 – $ 0.61 December will only need a clear increase in volume and a stronger purchasing momentum.
Today’s estimated:
Based on the current data, the price of PI mine money is likely to be traded between $ 0.54 and $ 0.60. Market bias decrease unless there is a change in the momentum on the trade day.
Follow us X (twitter)– CoinMarketcap And Binance Square For more daily crypto update.
Get all our future calls by joining Free telegraph group.
We recommend Etooro
Active user community and news broadcasts, social features such as chats for certain money available for trade.
A wide variety of assets: Crypto currencies as well as other investment products such as stocks and ETFs.
Copy Trade: Allows users to copy the transactions of leading investors free of charge.
User -Friendly: Etoro’s web -based platform and mobile app is user -friendly and easy to navigate.
