2025-3-23 10:13 |
Pi Coin is seeing a modest price increase today, briefly rising above the $1.01 level with a gain of around 2.76%. While this movement appears positive at first glance, most technical indicators continue to suggest bearish momentum. Compared to yesterday’s volatility, where the price ranged from below $0.90 to over $1.10, today’s price action was relatively calm.
Looking back at our Pi Coin price prediction from yesterday, we outlined three potential outcomes. The price stayed in the expected $0.95-$1.15 range, matching our realistic prediction. It didn’t hit our optimistic target of $1.15-$1.20, but it also didn’t fall to the pessimistic $0.85 level. This suggests the market is still figuring out which way to go as buyers and sellers compete for control.
Technical Analysis IndicatorsOn the daily timeframe, the technical indicators are still showing clear signs of weakness:
The RSI (14) is at 30.78. That places Pi Coin price just above the oversold level, suggesting that the asset is approaching undervaluation, but selling pressure is still dominant.
The MACD (12,26) is at 0.118. While this is a positive number, indicating slight upward momentum, it’s relatively weak and could fade quickly if bearish pressure continues.
Image Source: Investing.com/piThe CCI (14) comes in at -113.2103. This value signals strong downward momentum, with Pi Coin currently trading below its average price range over the recent period.
The Ultimate Oscillator reads 41.616, staying under the 50 mark. This reflects a continued bearish bias, although not at an extreme level.
The ROC (Rate of Change) is sitting at -28.289. This steep negative value points to sharp selling activity and confirms a bearish trend on the current chart.
The Bull/Bear Power (13) stands at -0.3806. This suggests that bears are maintaining control of the market, although the gap between buyers and sellers is not extreme at this stage.
Read Also: Crypto Veteran Urges Bitcoin Maximalists to Pay Attention to These Indicators
Pi Coin Price Predictions for TodayBased on the latest chart data and overall technical conditions, here are the current price scenarios for Pi Coin:
Pessimistic scenario: If selling continues, Pi might drop to around $0.98, possibly down to $0.95 if fewer people trade.
Realistic scenario: Pi Coin will probably bounce between $0.98 and $1.10, mostly staying near $1 as the market settles down.”
Optimistic scenario: If buyers return and indicators begin to recover, Pi Coin price could climb back toward the $1.15–$1.20 zone, particularly if broader market sentiment turns positive.
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