PI coins price forecast today (May 14)

The price of Pi coins has shown strong bullish momentum in recent years. Earlier this week, Pi Coin (PI) showed a solid performance at the $1.05 support level, with prices gradually rising as buying pressures increased.

On May 13, the PI coin opened at about $1.20, after a brief fall to $1, it quickly climbed to $1.34, and finally closed slightly above $1.20. The PI Network's native tokens are able to close at a price higher than the opening price, which is a positive signal. This pattern indicates that traders are buying, which may indicate that prices may rise further if the trend continues.

Let's analyze the current technical signals in detail to better understand the possible trends of PI today.

Evaluation of PI price by indicators

By observing the relative intensity index (RSI) that measures the rate of price change and changes, we see that it is valued at 62.65. This is below the overbought 70 threshold and sends a buy signal. This means that PI prices still have room for growth until they encounter major resistance.

The random oscillator (Stoch), which compares a specific closing price to the price range over a period of time, has a value of 56.39, and also shows a buy signal. This indicates that the momentum is still bullish.

Next is MACD (Moving Average Convergence Divergence), currently at 0.002, and sends a buy signal. MACD helps determine the intensity and directional changes of trends. Since this value is positive, it indicates that the upward momentum is increasing.

Then there is the CCI (Commodity Channel Index), with a reading of 214.13. This is far more than 100 overbought areas. While this may suggest that PI may overexpand in the short term, it also indicates strong bullish sentiment.

Finally, the rate of change (ROC) measured by price vs. past velocity change is 14.94 and another buy signal is sent. This confirms that the recent gains are stable and supported by momentum.

Moving averages also support upward trends

When we look at the moving average, each signal used to smooth the price data to determine the direction of the trend also points to a strong point.

The 20-day moving average (MA20) is $1.1276 and $1.1726, both sending buy signals. This means that PI is trading above its short-term average price and maintains a solid upward pressure.

Looking further, the 50-day MA is $1.2046 and $1.1305. Likewise, both values ​​indicate a buy, confirming that the mid-term trader is seeing a positive trend.

The 100-day MA reflecting a long-term perspective shows a value of $1.0180 and $1.0375. As PI's trading price is still above these levels, these support a continued upward trend.

Even more impressive is that the 200-day MA, commonly used by long-term investors, defines the true market trend at $0.8175 and $0.9013, both showing a buy signal. Keeping Pi coins above this level at this level is a great enthusiasm for their long-term prospects.

Also read: Bitcoin for "large extensions" as chart signal parabolic price peak

PI coin price forecast May 14

Based on these technical data, the PI network appears to be in a healthy upward trend. The fact that each major indicator points to buy, and all moving averages are consistent with upward momentum suggests that it is very likely that we will see Pi price attempts to raise action again today.

One thing to note is that the CCI reading shows the conditions for over-buying. This may result in some short callbacks or horizontal trading. However, as long as holdings at $1.05 and buying continues, you can regain the driving force of $1.30 or even exceed yesterday's high.

On May 14, the price range of PI coins may be between $1.18 and $1.35, and may break through if bullish pressure continues. Keep an eye on volume and how PI reacts when it approaches $1.30. In the short term, strong moves can open the $1.40 door.

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