Pi Coin is under significant market pressure, as confirmed by several technical indicators.
Technical Indicators of Pi Coin
The Relative Strength Index (RSI) is at 26.145, indicating oversold conditions and a possible near short-term bottom, although there's no sign of trend reversal yet. The MACD remains at -0.012, confirming bear control. The Commodity Channel Index (CCI) is down to -127.2608, indicating strong selling pressure. A ROC value of -45.878 further confirms seller dominance, and the Bull/Bear Power of -0.3766 shows bearish direction.
Pi Coin Price Predictions
The bearish scenario suggests Pi Coin price could slide towards the $0.70–$0.72 range if current pressure persists. A short-term bounce is possible if support is found and buying volume increases, leading to a potential recovery to $0.75 and testing $0.78–$0.81.
Conclusion on Pi Coin Market Situation
The current Pi Coin market is dominated by bearish sentiment, and significant growth expectations are reserved without substantial changes in trading volumes or other key factors.
The Pi Coin market is presently under pressure with prevailing negative sentiment, requiring vigilant monitoring for timely response.
