Pi Coin is showing some signs of improvement despite ongoing bearish pressure. In this article, we will examine the current market situation and possible scenarios for future developments.
Current Pi Coin Metrics
Currently, Pi Coin is priced at $0.5396, reflecting a 0.54% increase in the last 24 hours. The price holds above the 9-day moving average (SMA) set at $0.5384. However, trading volume remains low, and the price is still below significant resistance levels.
Pi Coin Chart Analysis
The Pi Coin chart indicates a structurally bearish trend. Indicators such as MACD and RSI point to weak momentum and seller dominance. A key support level is $0.50. If this level breaks, it could lead to a decline to the $0.47 range.
Price Predictions for Pi Coin
There are several scenarios for Pi Coin prices: - If the price closes above $0.57 with good volume, it could lead to movement towards $0.62. - In a neutral scenario, Pi Coin may continue to oscillate between $0.50 and $0.56. - In a bearish scenario, a drop below $0.50 could lead to a test of the $0.47–$0.48 area.
Despite the slight price increase, most indicators suggest a potential continuation of the bearish trend. Monitoring the $0.55 level will be key to determining further market movements.
