Pi Coin Price Prediction Today (March 20)

Pi Coin price sits at $1.1565 at writing, reflecting a 1.86% increase. Yesterday, we correctly predicted that the price would remain in a consolidation phase

Pi Coin price slipped slightly yesterday, closing at $1.1565 after a 1.86% decrease. The technical indicators analysis in the previous session's report correctly predicted limited movement for Pi Coin price, with potential resistance anticipated around $1.20-$1.22 and support expected around $1.15.

As predicted, the price action remained within this range, confirming limited interest in either pushing the price higher or lower. This aligns with the forecast of minimal change in the coming session unless strong buying or selling pressure emerged, which did not occur.

However, with today's trading session now underway, let's analyze whether Pi Coin can sustain its upward momentum or if we can expect further bearish pressure to push the price lower.

Technical Indicators Analysis

ROC is -0.463

The Rate of Change (ROC) indicator at -0.463 signals slight bearish momentum, indicating that selling pressure remains in play for Pi Coin price. However, it's worth noting that the indicator is not indicating a sharp decline, and the selling pressure is not overwhelming.

Ultimate Oscillator is 51.328

The Ultimate Oscillator reads 51.328, which is just a bit above the 50 mark. This suggests that there is some buying pressure on Pi Coin price, but it's not strong enough to confirm a real uptrend. The indicator is signaling a balanced market with a slight bias towards buyers.

RSI(14) is 48.721

The RSI sits at 48.721, which is directly in the middle range of the indicator. This indicates that neither buyers nor sellers have a clear upper hand, leaving the market direction open to interpretation. Both sides are applying pressure, but neither has gained complete control.

CCI(14) is -82.0156

The Commodity Channel Index (CCI) is at -82.0156, which shows some selling pressure on Pi Coin price. However, it has not dropped below -100, indicating that the price is not oversold yet. There could be further downward movement in the coming session.

MACD(12,26) is 0.005

The MACD is barely positive at 0.005, which hints at a possible bullish shift in the market. However, the signal is very weak, and any upward move might be limited unless more buyers step in to push the price higher.

Pi Coin Price Prediction for Today

Considering these indicators, we can expect Pi Coin price to stay in a holding pattern, moving between the $1.14 and $1.16 support levels. If buyers apply more pressure and break through the $1.20-$1.22 resistance, we might see a test of the $1.25 price point.

On the other hand, if sellers take control and push the price below $1.15, we can anticipate a drop towards the $1.10 price level. A breach below this point could send Pi Coin towards the $1.05-$1.08 support zone.

With the RSI hovering around 50 and MACD showing just a hint of bullish movement, don't expect any major price swings in the upcoming session unless something outside the market changes sentiment.

Traders should keep an eye out for volume spikes or sudden reversals in the trend to anticipate the next move.

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