In the last 24 hours, the price of Pi Coin dipped by 2.5%, trading slightly below $0.60. Over the past week, the coin lost around 8.5% in value.
Current Market Situation for Pi Coin
Pi Coin is currently trading below the $0.60 level. On April 30, the price attempted to move higher but failed to hold the breakout. It has since been moving sideways, lacking clear direction. The 4-hour chart indicates a short-term downtrend, with lower highs and lower lows since mid-April, suggesting seller control. Without buyer intervention soon, the price may continue to fall.
Key Technical Signals
Most indicators point to weakness. The MACD is at -0.054, indicating bearish momentum. The CCI is at -123, which is in oversold territory, suggesting a potential bounce but also confirming overall weakness. The Ultimate Oscillator is at 41.8, below the neutral level of 50, indicating weak buyer strength.
Pi Coin Price Prediction for May 2
If the price falls below $0.57, it may drop further to $0.56 or even $0.52. The indicators support this bearish outcome. However, if Pi breaks above $0.60 with significant volume, a short-term rally could occur, aiming for $0.63 or higher. To achieve this bullish scenario, the MACD must turn positive, and the RSI must rise above 50. Currently, Pi Coin is in a tight range, and the market awaits a clear move.
The price situation of Pi Coin requires careful monitoring as the market awaits a clear signal for the next movement.
