Pi coin is already printing another red candlestick today. If the PI price closes red again, that would make it six straight days of bearish closings. This steady decline is coming at a time when many other altcoins are also showing weakness, especially as Bitcoin price continues to slide slowly.
Yesterday’s bearish prediction played out almost exactly as expected. We pointed out that a break below the key $0.66 support level would trigger more downside pressure, and that’s exactly what happened.
Pi coin dropped toward the $0.6 region, just as we mentioned. Right now, PI price trades at $0.61, and momentum is still leaning bearish. If this trend continues, the next likely support zones are $0.58 and possibly even $0.54.
On the flip side, if the market sees some kind of bounce or relief rally, we could expect resistance around $0.65, which used to be a support zone and might now flip to resistance.
The broader picture for Pi Network hasn’t been great lately. The project is still in limbo in terms of official mainnet progress, and the general bearish crypto sentiment is dragging PI price down even more.
What you'll learn 👉
Pi Coin Technical Indicator Summary
To understand where things could go next, we checked the key technical indicators from Investing.com. On the 5-hour chart, most of them are flashing sell or oversold signals.
| Name | Value | Explanation |
|---|---|---|
| RSI(14) | 19.591 | This shows PI coin is heavily oversold and may be due for a small bounce. |
| STOCH(9,6) | 34.212 | Still under pressure, not yet in bullish reversal territory. |
| MACD(12,26) | -0.036 | Indicates a strong bearish momentum building for Pi Network price. |
| ADX(14) | 53.926 | Shows the current downtrend is strong and likely to continue. |
| Williams %R | -94.213 | Deeply oversold, suggesting the coin is undervalued in the short term. |
| ATR(14) | 0.0257 | This tells us that price swings are large today, showing high volatility. |
| Highs/Lows(14) | -0.0687 | Indicates the coin is making lower lows, confirming a bearish trend. |
| Ultimate Oscillator | 27.05 | Another oversold signal, showing downward exhaustion may be near. |
From the readings above, Pi coin is clearly under pressure. But the extremely low RSI and Williams %R values suggest that even though sellers are still in control, the coin might be nearing a short-term rebound phase. However, that depends on whether Bitcoin finds support or keeps dropping.
What the Moving Averages Are Saying About PI Price
The moving averages tell a very clear story for Pi coin price right now. All the short-term and long-term moving averages are pointing to a continued sell signal.
The MA10 and MA20 are both showing lower values than where the price was recently trading, confirming short-term bearish sentiment. The MA50 and MA100 values are even worse. These show that Pi Network price has lost strength over the medium and long term too.
For instance, the 50-day average is around $0.75, while the 100-day average is still up at $0.83. With the price now at $0.61, this tells us the coin is trading far below its recent historical averages, meaning the downtrend has been strong and persistent.
Until Pi coin can break back above some of these moving averages, it’s hard to call for a sustained recovery.
Pi Coin Price Prediction for Today
Based on everything we’ve seen from the charts and indicators, here are the likely price scenarios for Pi Network today:
Bearish Scenario:
If the selling pressure continues, PI price could fall below $0.60 and retest the next support at $0.58. In an extreme case, it may even drop to $0.54.
Neutral Scenario:
If the market moves sideways, we could see Pi coin hold around the current $0.61 level, consolidating between $0.60 and $0.63 as traders wait for stronger signals.
Read Also: Can Avalanche (AVAX) Token Price Reach $100 This Cycle?
Bullish Scenario:
If Bitcoin stabilizes and Pi coin finds support from oversold conditions, we might see a bounce toward $0.65. But unless it breaks and holds above this level, any move up could just be temporary relief.
For now, the bias remains bearish, but the oversold readings suggest a bounce could be near, even if short-lived. Keep a close eye on the $0.60 level today.
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