Pi Coin continues to face bearish market pressure. Over the past week, the price has dropped by 22.40%, with no clear signs of reversal yet.
Technical Indicators Analysis
The Rate of Change (ROC) indicates a value of -37.254, pointing to strong downward momentum. The Ultimate Oscillator stands at 39.507, below the neutral 50 level, indicating weak buying interest. The Relative Strength Index (RSI) is at 30.391, close to the oversold threshold, suggesting potential short-term stabilization or a minor rebound.
Pi Coin Price Prediction
Currently, bearish pressure on Pi Coin persists. If the trend continues, the price might test lower support levels between $0.70 and $0.75. However, a minor recovery is possible if the RSI triggers buying interest and the MACD shifts further into positive territory, potentially bringing the price back to the $0.95–$1.00 range.
Current Market Situation
The current situation suggests Pi Coin might fluctuate between $0.85 and $0.95, with a bias toward the lower end. Most technical indicators exhibit a bearish market sentiment, although some early positive signs from the MACD could indicate an early momentum shift.
Technical indicators show persistent bearish pressure on Pi Coin markets, but there are minor signs of recovery. Short-term market movements require careful observation.
