This article presents an overview of the current price state of Pi Coin and potential scenarios based on technical indicators.
Technical Indicators Analysis
As of the time of writing, Pi Coin is trading around $0.5852, up 3.19% in the last 24 hours. However, most technical indicators signal a bearish trend. The Relative Strength Index (RSI) stands at 28.549, indicating that the asset is oversold, but no reversal signals have been confirmed. The MACD remains negative at -0.088, confirming sustained bearish momentum. The Commodity Channel Index (CCI) has fallen to -86.9125, suggesting persistent selling pressure. The Ultimate Oscillator is at 43.234, indicating weakness in buying activity. The Rate of Change (ROC) stands at -26.798, pointing to sharp price declines.
Pi Coin Price Forecast
There are two scenarios for Pi Coin: bearish and bullish. In the bearish scenario, if the price continues to drift down, a retest of the $0.54–$0.55 zone could occur. Technical indicators like ROC, CCI, and MACD support this bearish outlook. In the bullish scenario, limited recovery is possible if buyers step in at current levels, which could push the price toward the $0.59–$0.61 area, but this would require clear volume upticks and stronger bullish signals. It is anticipated that today, Pi Coin price will trade between $0.54 and $0.65.
Conclusion
Overall, technical indicators for Pi Coin continue to point towards a bearish sentiment in the market with limited prospects for a quick recovery.
Current information regarding Pi Coin suggests a bearish market with limited chances for immediate recovery.
