Yesterday’s bearish outlook is pretty much playing out. Pi Coin price took a hit and is now sitting around $0.6000 after dropping more than 9% over the past day. That dip pulled the price below the $0.62–$0.65 zone we were watching as a potential bounce area, and now all eyes are on whether $0.58 can hold up as support.
There’s still a chance that short-term buyers step in here, but overall, the technicals aren’t looking great. Most indicators are flashing sell signals, which suggests the market is leaning more bearish for now. Pi Coin is definitely at a crucial point, if $0.58 breaks down, we could see another leg lower.
So, what can we expect next from Pi Coin price today? Let’s take a look at what the indicators are saying.
What you'll learn 👉
Technical Indicators Analysis
The Relative Strength Index (RSI) is currently at 34.98, signaling that the token is approaching oversold conditions but hasn’t reached that threshold yet. This leaves some room for more downside before buyers are expected to step in with stronger momentum.
The MACD (12,26) remains bearish at -0.086, with no sign of a bullish crossover. This reflects ongoing negative momentum and a lack of confirmation for any reversal attempts at this point.
The Commodity Channel Index (CCI) is sitting at -29.82, which puts it right in the neutral zone. That usually means the Pi Coin price might be consolidating a bit, but there’s no strong signal yet that things are shifting in either direction.
The Ultimate Oscillator is at 41.05, below the midline of 50, hinting at weakness across multiple timeframes. Meanwhile, the Rate of Change (ROC) sits deep in bearish territory at -8.821, pointing to recent sharp losses.
The Bull/Bear Power (13) prints -0.1014, confirming that sellers still control the market, although not with overwhelming strength.
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Pi Coin Price Outlook for April 17
If $0.58 continues to hold, Pi Coin price could attempt a slow recovery back toward $0.62. However, the odds of that happening appear low unless broader market sentiment shifts or Pi Network announces a major update.
On the other hand, a clean break below $0.58 would likely open the door to a retest of the $0.55 support level. A failure there might expose lower price zones, especially with no clear bullish divergence in sight.
For today, Pi Coin price holds a bearish-to-neutral structure. A bounce is still possible, but only if $0.58 remains intact. Without that, downside pressure may persist.
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