The price of Pi coin has not seen much progress lately. After breaking out of the descending channel pattern, Pi attempted to recover but could not hold the upward momentum. Instead, the price has fallen back and is currently testing the important support level around $0.59.
Earlier than yesterday, it briefly touched the level of $0.60, but that level was quickly rejected. Currently, Pi is fluctuating around $0.59, and how it behaves here could shape what happens next.
If this support level of $0.59 holds, we may see the price increase in the short term. However, if it is broken, the next stop is likely around $0.583. The price seems to be stuck in a narrow range with not much action from buyers or sellers. In summary, Pi is currently stuck in a wait-and-see mode.
Technical indicators are on a downward trend for Pi.
According to the latest information from Investing.com, some key technical indicators from Investing.com are signaling bearish pressure on the Pi coin today. Let's take a look at each indicator, including their full names and their significance for the current price movement.
The Relative Strength Index ( RSI 14) is at a support level of 40.886, indicating that the upward momentum is weakening but is not yet in the oversold region.
The stochastic indicator (STOCH 9.6) is at a support level of 37.833, indicating that selling pressure continues and may fall further.
The commodity channel index (CCI 14) is at -13.6871, essentially neutral, indicating no strong movement in either direction. The average true range (ATR 14) is at 0.0175, indicating low market volatility. The rate of change (ROC) is 1.83, providing a slight buy signal, but not enough to overcome the bearish outlook from other indicators.
The moving average confirms the downtrend
All major moving averages are signaling a downtrend. Pi is trading below the 20-day, 50-day, 100-day, and 200-day moving averages, currently at a much higher level.
This confirms weakness in the short, medium, and long-term time frames. Until Pi can reclaim one or more of these support levels, it is unlikely to escape the current downtrend.
Predicting the price of Pi Coin today ( on the 3rd of month 5)
Considering all factors, the price of PI today is likely to continue facing pressure. The important level to watch is $0.59. If that support level is held, the price may bounce back to $0.60 or slightly higher. However, if that level is broken, the next target will be $0.583.
With low volatility, weak RSI, and all major moving averages pointing down, the Pi coin shows no strong signs of an upward move today. Traders should be cautious and monitor how the price reacts around the support level of $0.59.
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Predicted price of Pi Coin today (on the 3rd of month 5)
The price of Pi coin has not seen much progress lately. After breaking out of the descending channel pattern, Pi attempted to recover but could not hold the upward momentum. Instead, the price has fallen back and is currently testing the important support level around $0.59. Earlier than yesterday, it briefly touched the level of $0.60, but that level was quickly rejected. Currently, Pi is fluctuating around $0.59, and how it behaves here could shape what happens next. If this support level of $0.59 holds, we may see the price increase in the short term. However, if it is broken, the next stop is likely around $0.583. The price seems to be stuck in a narrow range with not much action from buyers or sellers. In summary, Pi is currently stuck in a wait-and-see mode.
Technical indicators are on a downward trend for Pi. According to the latest information from Investing.com, some key technical indicators from Investing.com are signaling bearish pressure on the Pi coin today. Let's take a look at each indicator, including their full names and their significance for the current price movement. The Relative Strength Index ( RSI 14) is at a support level of 40.886, indicating that the upward momentum is weakening but is not yet in the oversold region. The stochastic indicator (STOCH 9.6) is at a support level of 37.833, indicating that selling pressure continues and may fall further.
The commodity channel index (CCI 14) is at -13.6871, essentially neutral, indicating no strong movement in either direction. The average true range (ATR 14) is at 0.0175, indicating low market volatility. The rate of change (ROC) is 1.83, providing a slight buy signal, but not enough to overcome the bearish outlook from other indicators. The moving average confirms the downtrend All major moving averages are signaling a downtrend. Pi is trading below the 20-day, 50-day, 100-day, and 200-day moving averages, currently at a much higher level. This confirms weakness in the short, medium, and long-term time frames. Until Pi can reclaim one or more of these support levels, it is unlikely to escape the current downtrend. Predicting the price of Pi Coin today ( on the 3rd of month 5) Considering all factors, the price of PI today is likely to continue facing pressure. The important level to watch is $0.59. If that support level is held, the price may bounce back to $0.60 or slightly higher. However, if that level is broken, the next target will be $0.583. With low volatility, weak RSI, and all major moving averages pointing down, the Pi coin shows no strong signs of an upward move today. Traders should be cautious and monitor how the price reacts around the support level of $0.59.