The price of PI coin is still not looking encouraging. PI price broke a critical support level at $0.70 last week. It eventually tested this level as resistance, and the bulls tried to push the price up, but they failed. Following the retest, the price of PI saw a decline of around 14% in the past two days.

The recent price action shows a concerning pattern for PI Network investors who have been hoping for a recovery. There are mixed signals that show the possibility of PI coin moving in either direction.

There are various support and resistance levels on the 4-hour chart. The supports include the current level around $0.58, $0.54, $0.51, and $0.45. The resistance levels on the 4-hour chart include $0.61, $0.65, and then $0.70. These levels are essential to watch as they define the zones where price may bounce or get rejected.

On the hourly chart, the indicators are showing mixed signals for PI coin:

The RSI value sits at 49.331, indicating a neutral stance in the market. This reading hovers near the midpoint of 50, suggesting a balance between buying and selling pressure for PI. It’s not in overbought or oversold territory, leaving room for movement in either direction for the PI Network price.

With a value of -0.9139, the CCI is slightly below zero, but close enough to be considered flat. This reflects the current consolidation phase where the PI price isn’t showing strong momentum either way. The near-zero reading aligns with the market’s indecision about the next move for PI Network.

The ATR sits at 0.0112, suggesting low volatility in the PI coin market. This lower ATR value indicates smaller price movements, showing that volatility is decreasing. Often, periods of decreased volatility precede a breakout, which could be significant for the PI Network price in the coming hours.

The ROC value stands at 1.993, which is positive and suggests a buy signal. This positive value shows upward momentum in the short term for PI, indicating a possible bounce or short-term bullish retracement. This is one of the few positive signals among the current indicators for PI Network.

If bulls can defend the $0.58 support level effectively and momentum continues to build with ROC maintaining a positive direction, we could see a push toward $0.61 and potentially even $0.65.

A break above $0.61 would be the first sign that buyers are stepping back into the PI Network market. The neutral RSI and CCI support the potential for upward movement in the PI price, especially if any fresh buying pressure appears.

If the price fails to hold the $0.58 support level, selling could accelerate toward $0.54, the next key support zone for PI coin. A break below $0.54 puts PI coin in a very bad position today.

Given the prior rejection at $0.70 and the strong downward pressure seen on higher timeframes like the 5-hour chart, a bearish continuation remains likely for the PI Network price unless there’s a clear reversal signal.

Read Also: Pi Coin Price Escapes Downtrend – Is $1 the Next Stop?

Considering the indicators and the price structure, the PI Network price may trade in a range between $0.54 and $0.61 today. Our prediction shows a neutral to slightly bullish bias for PI coin. The expected move is that the PI price may test $0.61 again if bulls defend $0.58 to $0.54 levels. If that level breaks, we may dip closer to $0.51.

Today’s outlook for PI is cautiously optimistic for a mild rebound, but traders should watch the $0.58 to $0.54 zone closely. A breakdown there would invalidate the bullish retracement scenario and potentially lead to further declines in the PI Network price.

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The post Pi Coin Price Prediction for Today (April 8) appeared first on CaptainAltcoin.

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