As of July 19, 2023, Pi Coin's price continues to be under pressure, remaining in the range between $0.44 and $0.46. The lack of significant trading volume raises questions about future trends.
Market Overview of Pi Coin
The current price is $0.4482, with a 1.72% increase recently. However, indicators such as RSI reveal weak signals, reflecting the lack of buying interest.
Technical Analysis of Pi Coin Chart
The chart shows a persistent downtrend. Since the attempt to rise above $1.75 in May, the price has shown a decline and is forming new local lows. There is a potential bullish RSI divergence, but it has yet to lead to significant changes.
Future Forecast
There are several scenarios: a bullish scenario suggests a rise above $0.50, a neutral scenario indicates sideways movement between $0.44 and $0.46, and a bearish scenario poses the risk of dropping below $0.44, potentially leading to further declines towards $0.40.
Currently, Pi Coin's price remains under pressure, and it is crucial to monitor the support level at $0.44, which may determine the market's future dynamics.
