Pi Coin closed lower yesterday, ending the day at $0.6508 after failing to break through the $0.66 resistance level.
Pi Coin closed lower yesterday, continuing to slide after failing to break through the $0.66 resistance level. In our previous article, we noted that holding above $0.64 and clearing the $0.66-$0.68 zone could open a path to $0.70 or even $0.75.
That breakout has not happened yet, and the price remains compressed in a narrow range. Let’s take a look at where Pi Network might be headed today.
Pi Coin Chart Analysis
On the daily chart, Pi Coin price is consolidating inside a descending triangle pattern that has been forming since early March. After a strong rally to over $3.00, the price gradually declined, forming a series of lower highs.
The price has now compressed between a descending resistance trendline and a horizontal support zone between $0.62 and $0.64. The current price is at $0.6508, slightly below the trendline, suggesting that a breakout or breakdown is near.
Support at $0.62 has so far held, but falling below it could see a retest of the $0.50 level, last seen during a sudden sell-off earlier this month. On the flip side, breaking above $0.68 could see a short-term rally to $0.75-$0.80.
For the meantime, Pi Coin price is in a consolidation and the next direction will most likely be based on volume and overall direction of the crypto market.
Daily Technical Indicators
Pi Coin’s technical indicators are showing mixed signals. The MACD is still negative, which points to lingering bearish momentum. At the same time, several momentum indicators are tilting bullish.
The Rate of Change and Ultimate Oscillator both suggest that bullish momentum could be forming, but it’s not strong enough yet to overcome resistance without increased trading volume.
Pi Coin Price Predictions for April 25
If Pi Coin can hold above $0.64 and break past $0.66-$0.68, a move toward $0.70 or even $0.75 could happen in the short term. The ROC and Ultimate Oscillator point to improving sentiment, but it’s too early to expect a breakout without confirmation.
On the flip side, if Pi Coin price dips below $0.64 again, it could slide toward the $0.60-$0.58 support zone. A breakdown there may expose the $0.53-$0.55 region. With the MACD still bearish and the CCI flat, traders should be cautious.
Today’s trend remains neutral to slightly bullish. Watch the $0.68 resistance and $0.64 support, whichever breaks first will likely decide Pi Coin’s next move. Bitcoin’s price direction will also play a major role in shaping short-term momentum.
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News data source: kdj.com
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