The price of the PI network finally crossed key resistance levels yesterday and now shows the first signs of short -term change. After spending several sessions to move laterally, the price has jumped and now oscillates about $ 0.6297, up almost 9% in the past 24 hours. This escape drew the attention of traders, although many are always cautious because technical indicators send mixed signals.
Currently, the $ 0.59 to $ 0.60 zone overturned in a support area, and all the eyes are at the following resistance around $ 0.66. The fact that this break is maintained or losing steam will likely become clearer in the coming hours.
Pi Coin graphic analysis
On the daily graphic, Pi Coin Price has exceeded a descending trend line which had maintained the price under pressure since March. The daily dowel candle of May 8 also closed above the 9-day EMA, which adds additional force to this decision. This technical break can mark the start of a change of trend if the bulls can maintain control.
The $ 0.56 zone to $ 0.59 remains a key support area. This level has been tested several times in recent weeks and buyers have constantly defended it. The next challenge lies in the fact that the level of $ 0.66. If the price does not hold above $ 0.60, there may be a risk of falling to the support beach.
Time candles leading to May 9 show a certain hesitation after the breakup. While buyers have made a strong movement, the market still digests this change. Whether the bulls follow or not depend on the volume and the momentum in the next sessions.
Technical indicators
Here is a snapshot of current time indicators for the price of the PI room:
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| Indicator | Value | Signal | What it suggests |
| MacD | -0.031 | Drop | The momentum is still low under the signal line |
| ICC | 39.01 | Neutral | No strong direction, the market is undecided |
| Ultimate oscillator | 51.2 | Light | Buyers have a slight advantage |
| Rock | -3.135 | Drop | The price fell slightly after a push |
| Bull / Bear Power | 0.0202 | Bullish | Bulls show signs of strength |
| RSI (14, 1h) | 47.08 | Neutral | The momentum is balanced, no clear trend |
The indicators are mixed. The MacD and the ROC remain down, while the ultimate oscillator and the bull power suggest a slight interest of buyers. RSI and CCI remain in the neutral zone, showing that the momentum is built but not yet decisive.
Pi Pion Price predicted for May 9
For today, Pi Coin can try to retest the resistance level of $ 0.66 if the price is more than $ 0.60. Clear displacement above $ 0.66 with the volume could open the track to the range from $ 0.70 to $ 0.75.
DecliningIf the price of the PI room falls below $ 0.59, there is a risk a drop to $ 0.56 again. A movement below which would invalidate the break and put in the home 0.52 $.
The prospects remain neutral to somewhat optimistic if the price is more than $ 0.60. Look carefully at the $ 0.66 level – it will probably determine if this break can continue.
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