Pi Coin has recorded growth, reaching the $0.65 level, marking a 46.16% increase over the last 24 hours. However, technical indicators signal caution.
Technical Indicators Analysis
The Relative Strength Index (RSI) is currently at 30.6, indicating the Pi Coin price sits just above oversold territory. While this does not confirm a rebound, it shows that recent buying hasn't shifted overall market momentum.
The MACD is currently at -0.073, remaining in bearish territory. This negative crossover suggests short-term momentum hasn’t fully adjusted to the sudden price jump. Unless we see a reversal, sellers are likely to maintain control in the near term.
The CCI (Commodity Channel Index) is at -76.63, still below neutral, indicating continued selling pressure. The Ultimate Oscillator is reading 40.542, which signals that buying volume isn’t strong enough to support a sustained breakout. It would need to cross 50 to indicate a more bullish shift.
As for the Rate of Change (ROC), it’s at -31.607, pointing to a rapid recent price movement that may have been overextended. This kind of negative momentum typically follows aggressive rallies which cannot be sustained without strong buyer support.
The Bull/Bear Power (13) is at -0.1922, showing that bears are still stronger than bulls at the moment.
Pi Coin Price Prediction
Bearish Scenario: If Pi Coin fails to build on the momentum from the price jump, it could pull back toward the $0.58–$0.60 zone. Key indicators like MACD, ROC, and CCI show downward pressure that hasn’t fully eased.
Bullish Scenario: If buyers manage to hold the price above $0.65, there’s a possibility of further pushing toward $0.72, especially if volume increases. This level was highlighted as a potential target if $0.65 was breached.
Today’s Prediction: Based on the current setup, Pi Coin price is expected to trade between $0.63 and $0.71 today. Momentum remains fragile, and unless strong buyer interest steps in, the market bias leans slightly bearish.
Summary and Conclusions
In conclusion, Pi Coin shows mixed signals, and the analysis of technical indicators points to the necessity for caution in the coming days. Continued volatility and possible fluctuations around the current price level are expected.
In summary, Pi Coin displays high volatility with recent growth, but technical indicators indicate potential risks. Investors should pay attention to further price movements and the state of the market.
