Pi Coin price is down around 5% today and it’s now trading around $1.33. We correctly predicted how the price will perform today, so now we would like to do the same with price prediction for today.
The momentum seems to be fading for Pi Network’s token after all important events are now behind us – these include mainnet launch and deadline to migrate to mainnet.
What you'll learn 👉
Technical Indicators Analysis
ROC is -19.061
The Rate of Change (ROC) indicator at -19.061 shows Pi Coin has lost significant momentum over the measured period. This negative value indicates the price is declining faster than in previous periods, suggesting increasing selling pressure in the market.
Ultimate Oscillator is 51.663
The Ultimate Oscillator reading of 51.663 is slightly above the midpoint of 50, indicating a relatively neutral market condition. While not showing extreme bullish or bearish signals, this reading suggests the market is maintaining some balance despite recent price declines.
RSI(14) is 36.104 The Relat
ive Strength Index (RSI) of 36.104 indicates that Pi Coin is approaching oversold territory (typically considered below 30). This suggests the token has experienced consistent selling pressure, but hasn’t yet reached extreme oversold conditions that might trigger a bounce.
CCI(14) is -111.43
The Commodity Channel Index (CCI) at -111.43 confirms bearish momentum. This reading below -100 signals that Pi Coin is trading well below its average price range, indicating significant downward pressure and potential continuation of the bearish trend.
MACD(12,26) is 0.26
The Moving Average Convergence Divergence (MACD) at 0.26 shows a slightly positive reading. Despite the overall bearish indicators, this small positive MACD suggests there might be some underlying buying interest that could potentially slow the current downtrend.
Pi Coin Price Prediction for Today
Based on the technical indicators, Pi Coin will likely continue its downward movement but at a slower pace. We expect the price to fluctuate between $1.28 and $1.40 today, with increased resistance around the $1.35 level. A move above $1.35 could trigger a rally towards $1.40-1.50 range though.
However, if selling pressure becomes stronger and $1.28 support is broken, we might see Pi Coin price test $1.15-1.20 range today.
The oversold conditions starting to form on the RSI might create some temporary relief rallies, but the overall sentiment remains bearish. Traders should watch for a potential stabilization around the $1.30 support level, which could serve as a temporary floor for the price action today.
Read also: Why You Should Avoid Pi Coin Now and Focus On This $0.0016 Low-Cap Crypto
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