In the cryptocurrency market, Pi Coin's price has remained relatively stable, hovering around the $0.60 mark on April 28. Despite attempts to rise, momentum is still confined to a narrow range.
Pi Coin Chart Analysis
As of the analysis, Pi Coin is priced at $0.6051. The chart shows low volatility after a failed attempt to break above a descending trendline. The recent bounce attempt after early April's lows did not result in strong bullish candles, indicating insufficient buying interest. Since late February, Pi Coin's price has been steadily declining, with each new peak and trough lower than the last. The main support zone lies between $0.44 and $0.47.
Technical Indicators for April 29
According to daily technical indicators, the market is showing weak momentum, which limits the price growth of Pi Coin.
- MACD (12,26): -0.064 — bearish momentum persists
- CCI (14): -145.7456 — the asset is deeply oversold, with no signs of a rebound yet
- Ultimate Oscillator: -5.686 — negative momentum dominates, with strong selling pressure
- ROC (Rate of Change): -5.686 — confirms the downward movement and selling pressure
- Bull/Bear Power (13): -0.049 — bears hold a slight advantage
Price Predictions for Pi Coin
If Pi Coin holds above $0.60 and breaks through the $0.65 resistance zone, it could attempt a move toward $0.66–$0.67. However, given the negative MACD and weak Ultimate Oscillator reading, any bullish move would require strong volume support. If the price slips below $0.60, it could quickly drop to the $0.50 zone, with a deeper move possibly retesting the $0.45–$0.47 support area.
Currently, Pi Coin shows a generally neutral to slightly bearish trend. Key levels: support at $0.60 and resistance at $0.65.
