The price of PI (PI/USDT) has been moving in a well -defined ascending direction since the beginning of April. On the graph for 4 hours, this bullish trend is supported by the rising trend line, which was a fixed base during multiple price declines.
Every time the PI approaches this trend line, I wore again – a sign that buyers are still defending this level and that the feeling is still optimistic with caution.
Only yesterday, we saw the fifth bounce of this line, which sparked a small gathering. PI gained about 2.8 % shortly after the bounce, but then a little recovery, and now about 1.9 % of the support area sit.
At the time of writing this report, the price of the PI network was hovering near $ 0.6391. This level is still within the scope of unification wider from $ 0.60 to $ 0.66, as the currency is trading over the past few days.
Despite the simple fluctuations, the structure remains optimistic as long as the price remains above the growing direction line.
Where can the price of the PI network go after that?
If PI continues to respect the support of the current trend line, there is a good opportunity, we will see another batch towards resisting $ 0.66 – the price level that he tested in some days. The clean collapse above this level may increase the upscale momentum and may determine the tone of moving towards its highest level in the short term.
However, if the PI currency collapsed Al -Soudi direction line With strong sale volume, the setting can turn. In this case, the market may enter a fewer range or even start to form a declining direction. Currently, the graph indicates that buyers still control – with caution but steadily.
What technical indicators say about the PI currency
In the time frame for one hour as shown on Investing.com, technical indicators draw a moderate, moderate image of PI today:
- RSI (Relative Power Index) It is currently in 56.2, and it is in the neutral area to the urinary. This means that the original is not of the maximum strength or excessive sale, but there is a slight upward momentum. Traders usually see RSI readings above 50 as a sign of purchase.
- MACD (moving average rapprochement) It displays 0.001, accompanied by a “purchase” sign. This indicates that the short -term momentum is stronger than the long -term momentum, which usually precedes the upward movement if it continues.
- ATR (Average real range) Sitting at 0.0037, and shows relatively low fluctuations. This means that there are no significant fluctuations in prices, which often indicates stable unification before a larger step.
- ROC (change rate) It is at 1.365, which also indicates a “purchase” signal. It indicates that the price has increased during the last period, confirming the slow updated drift that we saw.
These indicators indicate that there is a space for more bullish direction today – especially if the size of the size increases during the next stage. Lack of extreme volatility also means that the price is not wrongly withdrawn in either direction, which prefers direction -tracking strategies such as the current structure based on reversal.
Mid -day momentum: 5 -hour index also comes into contact with purchase
Looking at the wider graph for 5 hours on Investing.com, we see a continuation of the upscale brands. 5 hours indicators also support the Pi -backed purchase position, adding more confidence to the current preparation.
When multiple time frames correspond to that such, they often strengthen the state of movement in this direction – in this case, up.
Also read: Hbar has just erupted – here is the reason for leading Hedra in the next encryption gathering
PI prediction on April 23
Based on the structure of the current trend line, indicators and price behavior, the most likely scenario for PI today is another attempt to reach the 0.66 dollar resistance area. If this level is broken in a strong size, we may see short -term gains paying the price of PI about $ 0.68 and beyond.
On the other side, if the trend line collapses with the remarkable sale pressure, the PI may fall towards 0.60 – 0.58 dollars.
But so far, the market is still tending to climb, and unless the structure is broken, the trend prefers bulls – slowly but steadily.
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