Pi Coin spends a difficult time in the market. For some days, it was circulated down with slight unification. Let’s take a look at what is happening at its price today and what we might expect in the next few hours.
PI conflicts continued to prices today. Yesterday, it was closed in red, and today it really looks down after a few hours of trading. The price of Coin Coin is about $ 0.82, and it appears to be fixed after its last drop.
There are some support slightly less than $ 0.70, as people were buying in the past; This can be a strong point of reflection. However, given the low trading volume in the market (-57 % in 24 hours at the time of writing this report), we may not see a significant decrease from the current price along the way to 0.65 to 0.70 dollars in just one day.
Looking at the 4 -hour graph for PI/USDT, we can see that after going down for a while, the price was moving sideways. There is a medium -level support zone of about $ 0.82 as buyers enter before.
Pi technical indicators and market signals
The Bollinger Gangs for PI became very narrow. When this happens, this usually means that the market is calm, but often a big step will come soon. We do not know any direction yet.
PI price is suspended near the bottom domain and moves sideways. The middle range (average 20 days) behaves like a ceiling that PI cannot penetrate. Since the price embraces the lower range, things look slightly declining unless something changes.
Relative power index (relative power index) About 42. This is less than the mid -50 point, which indicates a declining momentum. However, it slowly raises the sales levels, which may mean that some buyers have started entering.
Piot price for this day
The climbing scenario
If buyers can pay the PI above Bollinger Middle (about $ 0.83) and RSI exceeds 50, we may see the PI test 0.85 to $ 0.90. In order for this to happen, we will need to see the price cuts over this middle range and the relative power index is still in height.
This may happen, but we need to see more trading volume. Without more activity, any height is likely to be short -term.
Also read: We asked artificial intelligence to predict the price of PI in April
Detate scenario
Most likely, the PI will continue in its landfill. If the price is rejected in the middle domain again and less than $ 0.82, it may slowly swept to $ 0.80, and perhaps until the support level is tested $ 0.75.
Why is this more likely? For anyone, there is only a little trading that occurs with PI now (based on the low trading volume). Without more buyers or sellers, it is difficult to maintain large prices. Also, the narrow Bolinger ranges indicate that the market is uncomfortable and not volatile. Finally, the PI was slowly drifting, and it didn’t violate – it is a gradual decrease more than selling panic.
What we will see most likely is to reject the PI near $ 0.83, then slowly decrease about $ 0.80, and may last to $ 0.75 to $ 0.70 during the next few trading sessions if the support does not stick.
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