PI Coin Price Prediction for May 24
The post PI Coin Price Prediction for May 24 appeared on BitcoinEthereumNews.com. After climbing above $0.85 last week, the Pi coin price is now showing signs of weakness. The sharp rejection from the $0.87 area has pulled the token back below critical moving averages, with bears pushing a breakdown below $0.80. The short-term structure now tilts toward further weakness unless bulls reclaim key trendline and EMA support. What’s Happening With Pi Coin’s Price? The Pi coin price action has shifted from bullish consolidation to a mild selloff over the past 48 hours. On the 4-hour chart, Pi recently lost the 20, 50, and 100 EMA zones near $0.80, closing below $0.786 for the first time since the May 18 breakout. This breakdown came after a sustained rally that briefly tagged $0.87, driven by short-term bullish sentiment. Pi is now entering a key demand zone between $0.775 and $0.760. This region acted as accumulation before the previous breakout and aligns with prior support zones highlighted by the Chande Momentum Oscillator and SR channel levels. Lower Timeframes Show Bearish Pressure Mounting On the 30-minute chart, Pi has broken below a rising trendline and is consolidating just above $0.78. While the candle bodies remain above this level for now, bearish pressure is evident, especially as intraday EMAs compress and slope downward. RSI has plunged to 29.34, indicating extreme oversold conditions. The MACD has also flipped bearish with a widening gap between the MACD and signal lines, suggesting continued downside pressure unless bulls reclaim ground quickly. Ichimoku analysis shows Pi slipping below the cloud on the 30-minute chart, with the Kijun-Sen and Tenkan-Sen lines now in a bearish crossover. The Chande Momentum Oscillator reads -56.63, pointing to strong downside momentum and a possible test of the $0.76 level. Why Pi Coin Price Going Down Today? The question is: why is the Pi coin price going down…
The post PI Coin Price Prediction for May 24 appeared on BitcoinEthereumNews.com.
After climbing above $0.85 last week, the Pi coin price is now showing signs of weakness. The sharp rejection from the $0.87 area has pulled the token back below critical moving averages, with bears pushing a breakdown below $0.80. The short-term structure now tilts toward further weakness unless bulls reclaim key trendline and EMA support. What’s Happening With Pi Coin’s Price? The Pi coin price action has shifted from bullish consolidation to a mild selloff over the past 48 hours. On the 4-hour chart, Pi recently lost the 20, 50, and 100 EMA zones near $0.80, closing below $0.786 for the first time since the May 18 breakout. This breakdown came after a sustained rally that briefly tagged $0.87, driven by short-term bullish sentiment. Pi is now entering a key demand zone between $0.775 and $0.760. This region acted as accumulation before the previous breakout and aligns with prior support zones highlighted by the Chande Momentum Oscillator and SR channel levels. Lower Timeframes Show Bearish Pressure Mounting On the 30-minute chart, Pi has broken below a rising trendline and is consolidating just above $0.78. While the candle bodies remain above this level for now, bearish pressure is evident, especially as intraday EMAs compress and slope downward. RSI has plunged to 29.34, indicating extreme oversold conditions. The MACD has also flipped bearish with a widening gap between the MACD and signal lines, suggesting continued downside pressure unless bulls reclaim ground quickly. Ichimoku analysis shows Pi slipping below the cloud on the 30-minute chart, with the Kijun-Sen and Tenkan-Sen lines now in a bearish crossover. The Chande Momentum Oscillator reads -56.63, pointing to strong downside momentum and a possible test of the $0.76 level. Why Pi Coin Price Going Down Today? The question is: why is the Pi coin price going down…
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