Yesterday’s estimate suggested that the Pi medal would probably trade between $ 0.85 and $ 0.95 and would trade with a prejudice towards the lower end. This estimate was right because the price fell sharply and closed the day to $ 0.8018 after falling over 9%. This movement confirms the decline pressure built last week.
The current trend continues to reflect a clear down trend and the sellers are strictly controlled. So, where can the pi mine money price go here? As usual, let’s review the basic technical indicators in today’s daily time period.
Technical Indicators Analysis
. Relative Power Index (RSI) It fell to 26.019, which shows that the pi mine’s money was sold in depth. Market sellers effectively pushed the price below the final transaction levels. RSI is currently sitting below 30, which often implies that a jump can be on the horizon. But so far, there is no real sign that the market has yet returned.
. Moving average convergence Diverjans (MACD) In 0.041, almost above zero – a small positive impulse that can show that the market is trying to balance. Nevertheless, it is not a strong enough signal to say that a short -term rally comes.
. Commodity Channel Index (CCI) Fell at -117.6, there is no net sales pressure and almost a real purchase interest. The following readings often strengthen the decline trend by pointing to heavy sales and a price far below the historical average.
. Final oscillator In 34.169, it is still under 50 signs. This only strengthens the overall decline we see.
Then, Change Rate (ROC) It fell to -55.9, which tells us that the price has fallen quickly compared to the last days -another sign that solders are still under control. Such a steep negative value indicates a rapidly moving sense of fall.
. Taurus/Bear Power indicator -0.5601 shows that the decline control is in place. Buyers have not yet shown a significant power.
Also read: Breast Coin Mania Back? Shiba Inu (Shib) and Pepe Prices Erupted: Here are behind the pump
Pi Money Price Estimation
The latest technical indicators continue to support the appearance of a decrease.
Decline scenario: If the downward momentum persists, the PI mine’s money price can test the support levels between $ 0.70 and $ 0.75. Excessive server RSI and negative ROC indicate that sales pressure will continue.
Rise scenario: RSI is possible to purchase for a short time or if the MACD is strengthened, a slight recovery is possible. If so, the pi mine may move towards the range of $ 0.95 – $ 1.00, but this requires a clear increase in volume.
Today’s prediction: Based on existing techniques, Pi mine money price is expected to trade Today, $ 0.85 and $ 0.95 bends towards the lower end of this range.
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