Today, the price of Pi Coin fell by around 5%, reaching $1.33. We examined technical indicators to assess future price movements.
Current State Analysis of Pi Coin
Following recent events such as the mainnet launch and migration deadline, the momentum of Pi Coin has slowed down, indicating potential waning of market interest.
Technical Indicators: What Do the Data Say?
The Rate of Change (ROC) is at -19.061, indicating a loss of market momentum for Pi Coin. The Ultimate Oscillator (51.663) suggests a neutral market condition. The Relative Strength Index (RSI) is nearing oversold territory at 36.104, while the Commodity Channel Index (CCI) at -111.43 confirms bearish sentiment. The MACD (0.26) shows slight buying pressure.
Pi Coin Price Prediction for Today
Based on these data, Pi Coin is likely to continue its downward trend, albeit at a slower pace. The price is expected to fluctuate between $1.28 and $1.40, with resistance around $1.35, potentially bouncing towards $1.40-$1.50.
Overall, despite RSI oversold conditions forming, the sentiment remains bearish. Watch for support around $1.30.
