Pi, with more than 4 million votes, has been crowned as the most bullish crypto in the top 100 on coinmarketcap. However, opinions remain sharply divided over the actual potential of PI. While some market participants regard it as a profitable one in the short term ripe for trade options. Others see it as a long -term project that is still developing, with usefulness and acceptance that are not yet in force. In this article we will take you through the views of an analyst and we will deduce a Pi-Mitsprijs analysis in the short term.
Technical signals remain Bearish?
In an X post, Pi Barter Mall Highlights that Pi -Munt shows multiple bearish patterns that are now difficult to ignore. The most clear is the formation of a “Death Cross”, which is distinguished by a crossover between SMAS and the MacD indicator that trents downwards. The post emphasizes that this Bearish lines are further helped by the positioning of the MA5, MA10 and MA30, which jointly indicate a short-selling dominance.
The MACD -Histogram continues to show growing red beams after the Death Cross, which emphasizes that the downward trend is not yet exhausted. Moreover, the KDJ indicator also presents a bearish signal. The analyst also states that there is no technical signal from now on that signs of stabilization indicates, and the possibility of a V-shaped reversal before 28 June is weak.
Pi -Munt price analysis:
At the time of the press, the Pi -Muntprijs is ~ $ 0.7457, with a daily loss of approximately 4.69%. Despite this decrease in the short term, the win of 7 days remains at 1.82%. While the price went to the south, the 24-hour trade volume increased by 39.13%and reached to $ 125.3 million. Market capitalization has also risen to $ 5.38 billion, an increase of 4.84%.
The price action of Pi Coin on the 4-hour graph shows consolidation among the SMA of 9 years, which is currently at $ 0.7660 and acts as immediate resistance. The RSI is 39.03, which points to the weakening of bullish momentum. In the short term, the most important resistance is $ 0.833, a break above which can lead to renewed bullish sentiment. On the other hand, there is critical support at $ 0.6888; A break below this level can cause a steeper decline, which may delete recent profits.
Read our PI Network (PI) Price forecast 2025, 2026-2030 to find out if PI is a good investment for the long term!
FAQs
Pi Coin is currently confronted with multiple Bearish technical indicators, making it a risky play in the short term.
The PI -Muntprijs is today $ 0.7444 with an intraday loss of 4.69%.
This week, traders must follow the most important support at $ 0.6888 and resistance to $ 0.833.