Following a sharp decline earlier this month, Pi Coin is trading within a narrow range. Let's examine the current situation and forecasts.
Current Market Situation
As of now, Pi Coin's price is $0.7290, down 3.11% over the last 24 hours. Support is holding in the range of $0.70 to $0.73, but trading volume has declined by 32.23%, indicating reduced buying interest.
Technical Indicators
Key technical indicators show overall weakness at this stage. For instance, the MACD indicates a weak bullish crossover, while other indicators display a bearish trend. The RSI is at 46.43, suggesting neutral momentum.
| | | | | --- | --- | --- | | **Indicator** | **Value** | **Interpretation** | | **MACD (12,26)** | +0.01 | Weak bullish crossover | | **ADX** | 29.33 | Strong trend, bearish direction | | **CCI (14)** | -93.13 | Bearish bias, near oversold | | **Ultimate Oscillator** | 40.17 | Mild bearish pressure | | **RSI (14)** | 46.43 | Neutral momentum | | **ROC** | -18.91 | Bearish trend, strong selling pace | | **Bull/Bear Power (13)** | -0.0654 | Sellers are dominant |
Price Prediction Scenarios
There are several scenarios moving forward:
**Bullish Scenario:** A break above $0.77 could push the price towards $0.80–$0.85, provided trading volume increases.
**Neutral Scenario:** Continued consolidation between $0.70 and $0.77 is likely if neither bulls nor bears gain control.
**Bearish Scenario:** A move below $0.70 may accelerate downside towards $0.60, especially if selling volume increases.
Currently, Pi Coin is trading within a fragile structure. For further predictions, attention should be paid to price responses at key support and resistance levels.
