Following a breakout from a prolonged downtrend, the Pi Coin price has stabilized and is fluctuating in the $0.74 to $0.75 range.
Current Situation in the Pi Coin Market
The Pi Coin price is around $0.744, continuing to trade below the key resistance at $0.75. Despite the lack of a significant rally, there is no indication of a sharp drop, and the market is awaiting a clear signal on the next direction.
Technical Analysis of Pi Coin
Currently, technical indicators are providing mixed signals. The RSI and MACD suggest caution, while ROC, CCI, and Bull/Bear Power indicate emerging bullish momentum. If the price breaks through the $0.75 resistance with strong indicators, it could aim for $0.80–$0.84.
Pi Coin Price Forecast for Today
The likely direction for Pi Coin depends on price behavior within the narrow range of $0.74 to $0.75. If it fails to break $0.75, a retest of support in the $0.695–$0.67 range is possible, which would align with declining trading volumes and MACD weakness.
The situation in the Pi Coin market requires careful observation. The upcoming sessions will likely determine the asset's future.
