Pi Coin is trading at $ 0.7332 today, an increase of 0.55 % over the past day. The volume also increased by 26.44 %, hinting to some renewable trading activity. However, the distinctive symbol remains in a narrow range after last week’s fluctuations, with no clear trend yet.
The current price procedure follows a sharp correction after the price of the PI currency to nearly $ 1.70 between May 9 and May 13. Since then, under the moving average has declined 50 periods, and it is now exceeding the level of support in the short term about $ 0.70.
What the PI currency scheme shows
The graph is displayed for 4 hours a pattern of school book mutation. After merged less than $ 0.70 for weeks, the PI network exploded to the upward trend, reaching a local rise near $ 1.700. But a quick climb was followed by an aggressive drop, which prompted the distinctive symbol below 50 SMA about $ 0.95.
Currently, the price of the PI currency is unified about $ 0.73. The space is between $ 0.70 and $ 0.73 operates as temporary support. Bulls need to keep this level to avoid a deeper decrease. If the distinctive symbol fails to restore $ 0.75 soon, the bears can regain control and send the price less. Resistance remains in a range of $ 0.95 – $ 1.00, which also corresponds to 50 SMA.
Technical indicators (time frame)
| index | value | explanation |
| RSI (14) | 49.415 | Neutral momentum |
| MACD (12,26) | 0.005 | Moderate bullish signal |
| CCI (14) | -66.86 | Light pressure |
| The final oscillator | 45.73 | Weak weakness purchase |
| ROC | -1.94 | Short -term negative momentum |
| Taurus power/bear (13) | -0127 | The dominance of the minor bear |
Also read: Ripple Pressing: Bank of America runs “All In” on XRP – Is this the beginning of a global transformation?
Index analysis
RSI sits a little less than 50, indicating that the market has not been resolved. MACD barely positive, indicating the difference of a young boy, but it lacks a strong conviction. Meanwhile, CCI, Ultimate, ROC and Bull/Bear Power All Hearing, indicating a momentum fading.
A mixture of neutral RSI indicators and weak momentum indicators indicates a possible or continuing side movement unless the size decreases again.
Pi -Modified Price Expectations for today (May 19)
1. Fear case
2. A realistic case
- goal: 0.74 dollars – 0.76 dollars
- The side step above $ 0.71 is still the most likely result. Momentum indicators are weak, but support now keeps.
3. Optimistic case
- goal: 0.82 – 0.88 dollars
- If the bulls are able to pay $ 0.75 with condemnation and trading volume, the price of the PI coin may lead to re -testing its highest levels in the short term.
What we got yesterday
At the forecast of May 18, we highlighted $ 0.71 as a major level of viewing. We noticed that monotheism was likely, with a realistic range ranging from 0.74 – 0.76 dollars. This is exactly where the market is trading now.
Moreover, MACD hinted at a slight bias, but the total indicators remained weak, and properly indicated a neutral preparation to intelligence. To date, respect the price of the PI network This region, with no bulls or fully controlled bears.
Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Read the recent encryption market updates, news and technical analysis here.
We recommend etoro
The community of active users and social features such as news extracts, and chats to obtain specific metal coins available for trading.
A wide range of assets: cryptocurrencies along with other investment products such as stocks and traded investment funds.
Trading copies: It allows users to copy prominent traders trading, for free.
Easy to use: ETORO web platform on the web -based etoro and the mobile application is easy to use and easy to move.
