Amid recent cryptocurrency price growth, Pi Coin has shown significant movement, reaching a level of $0.73. This news leads to discussions about the current situation and price forecasts for the coming days.
General Information about Pi Coin
This week, the price of Pi Coin has changed significantly, rising 20% from local lows. Yesterday's forecast indicated that if the price did not break the $0.78 resistance level, a decline towards the $0.72–$0.73 support might occur, which indeed happened.
Technical Analysis and Indicators
Pi Coin has successfully broken out of a descending channel that limited its movement during March and early April. There are mixed signals from technical indicators such as an RSI level of 65.43, which is close to overbought conditions. The MACD remains in negative territory, but there is a possibility of a crossing indicating the start of a bullish trend.
Price Forecast for Pi Coin
If Pi Coin can break and close above the $0.75 resistance with a strong RSI and a positive shift in the MACD, this could lead to price movements towards the $0.80–$0.84 range. However, if the resistance fails to be overcome and RSI starts to decline, a retest of support levels at $0.695, possibly down to $0.67, could occur.
The situation around the price of Pi Coin remains interesting, with potential for further growth if it breaks out of the current range. The direction of the upcoming trading activity will depend on the price behavior at resistance and trading volumes.
