PI coin price forecast today (April 7)

Yesterday, the price forecast of Pi coin became a reality, falling below $0.60 and now it is at $0.5609, a drop of 14.07%. This decline not only affects Picoin, but also reflects a broader cryptocurrency market selling wave, with the overall market falling by nearly 9%.

Technical indicators show that bearish pressure still dominates. The relative strength indicator (RSI) is 27.306, which is in a severe oversold area; the trend average (MACD) is -0.83, which is bearish; the commodity channel indicator (CCI) is -109.3892, which indicates that the price is much lower than the average level; the ultimate oscillator is 38.229, which is lower than the neutral value of 50; the rate of change (ROC) is -40.314, which indicates that the price decline is accelerated; the bull/Bear Power is -0.2603, which indicates that the short side occupies a short-term dominance.

Pi Coin Price Forecast: Bearish Scenario

If the selling pressure continues, the price of Pi may further fall to the range of $0.52 to $0.55. RSI, MACD and CCI all show strong downward momentum, and the current trend remains bearish.

Of course, if the buyer intervenes at the current oversold level, a small rebound may occur, pushing the price back to the $0.59 to $0.62 range, but this requires significant incremental capital or new market interest.

Today's forecast: Based on current market conditions and technical indicators, the price of Pi is expected to fluctuate in the range of US$0.54 to US$0.60. Unless short-term momentum changes, the overall tendency is bearish.

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