PI coin price forecast today (April 9)

Yesterday's forecast pointed out that if it falls below the $0.58 support level, it may fall to $0.54, and the market trend confirms this forecast.

The current trading price of Pi Coin is about US$0.5778, up 0.66% during the day, but various key indicators still show short pressure.

Although the increase is not as significant as in previous meetings, market sentiment is still relatively bearish and most technical signals are still red.

What is the price trend of Pi coins today? The following is the latest data analysis and short-term trend interpretation.

Technical indicator analysis:

The relative strength index (RSI) is 27.635, indicating that Pi coins are in a severe oversold area. A RSI below 30 usually indicates that shorts dominate. While this can sometimes trigger a rebound, there are no signs of bullish reversals yet.

MACD (12,26) is still in the negative range of -0.088, confirming that the current trend is still bearish. The MACD bar chart is also expanding, indicating that short momentum may continue in the short term.

The commodity channel indicator (CCI) fell to -95.405, further proof that the price of Pi coins is far below average. This indicates a weak trend and lack of buyer support.

The Ultimate Oscillation Index (UO) currently reads at 40.897, below the neutral line 50. This indicates that buying activity is weak in each time period, consistent with the overall bearish pattern.

The rate of change (ROC) is -34.384, confirming that the recent decline in the Pi coin price has accelerated. Combined with other signals, this indicates persistent downside risk.

Finally, the long-short force (13) is -0.2263, indicating that the short-term price trend is still dominant.

Pi Coin Price Forecast:

Bearish scenario:

If shorts continue to dominate, the price of Pi may further fall to the range of $0.54-0.55. Indicators such as ROC, MACD and CCI have confirmed strong downward momentum, and the trend is still bearish.

Bullish scenario:

If the buyer starts to absorb at the current oversold level, the price of Pi may attempt a limited rebound. A short-term rebound may push the Pi price back to the $0.59-0.61 range, but this requires obvious trading volume and stronger buying momentum.

Today's forecast:

According to current data, the price of Pi may fluctuate in the range of USD 0.54-0.60. Unless there is a momentum change today, market bias remains bearish.

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