Pi coin is having a tough time in the market. For some days, it has been trading downward with slight consolidation. Let’s look at what’s happening with its price today and what we might expect in the next couple of hours.
Pi’s price struggles have continued today. Yesterday, it closed in the red, and today is already looking bearish after a few hours of trading. The Pi Coin price is around $0.82, and it seems to be holding steady after its recent drop.
There’s some support just below $0.70, where people have been buying in the past; this could be a strong point of reversal. But, given the low trading volume in the market (-57% in 24 hours at the time of writing), we probably won’t see a significant drop from the current price all the way down to $0.65-$0.70 in just one day.
Looking at the 4-hour chart for PI/USDT, we can see that after going down for a while, the price has been moving sideways. There’s a mid-level support zone around $0.82 where buyers have stepped in before.
What you'll learn 👉
Pi Technical Indicators and Market Signals
The Bollinger Bands for Pi have gotten quite narrow lately. When this happens, it usually means the market is quiet, but often a big move is coming soon. We just don’t know which direction yet.
Pi’s price is hanging near the lower band and moving sideways. The middle band (the 20-day average) has been acting like a ceiling that Pi can’t break through. Since the price is hugging the lower band, things look slightly bearish unless something changes.
The RSI (Relative Strength Index) is around 42. This is below the midpoint of 50, which suggests downward momentum. However, it’s slowly ticking up from oversold levels, which might mean some buyers are starting to come in.
Pi Price Prediction for Today
Bullish Scenario
If buyers can push Pi above the middle Bollinger Band (around $0.83) and the RSI goes above 50, we could see Pi test the $0.85-$0.90 range. For this to happen, we’d need to see the price break above that middle band and the RSI continue to rise.
This could happen, but we’d need to see more trading volume. Without more activity, any rise would likely be short-lived.
Read Also: We Asked AI to Predict Pi Coin Price in April
Bearish Scenario
More likely, Pi will continue its downward trend. If the price gets rejected at the middle band again and falls below $0.82, it could slowly drift down toward $0.80, maybe even testing that $0.75 support level.
Why is this more likely? For one, there’s very little trading happening with Pi right now (judging from the low trading volume). Without more buyers or sellers coming in, big price moves are hard to maintain. Also, the tight Bollinger Bands suggest the market is indecisive, not volatile. Finally, Pi has been slowly drifting down, not crashing – it’s more of a gradual decline than panic selling.
What we’ll probably see is Pi getting rejected near $0.83, then slowly dropping toward $0.80, and possibly continuing down to $0.75-$0.70 over the next few trading sessions if support doesn’t hold.
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