Pi Coin Price Prediction for April 10: Market Struggles with Bearish Momentum

Pi Coin Price Prediction for April 10: Market Struggles with Bearish Momentum

Technical Indicators Point to Continued Downward Pressure as Pi Coin Struggles to Gain Bullish Momentum

Pi Coin has shown some signs of recovery recently, but the broader trend remains bearish. As of today, April 10, Pi Coin is trading around $0.5852, up 3.19% in the last 24 hours, but the market sentiment still reflects significant downward pressure. Here’s what the latest data suggests about where Pi Coin’s price could go next.

Technical Indicators Show Bearish Momentum

Despite the recent uptick in Pi Coin’s price, technical indicators indicate that the overall trend remains bearish. Key indicators, such as the Relative Strength Index (RSI), MACD, and Commodity Channel Index (CCI), are signaling continued selling pressure.

• The RSI stands at 28.549, deep within oversold territory, which typically indicates prolonged selling. While an RSI below 30 can sometimes lead to short-term bounces, no strong reversal signals have emerged yet.

• The MACD is still negative at -0.088, and the gap between the MACD line and the signal line continues to widen, signaling sustained bearish momentum.

• The CCI has dropped to -86.9125, indicating that Pi Coin is trading well below its typical price range, reinforcing downside pressure.

Additionally, the Ultimate Oscillator is at 43.234, staying below the neutral 50 level, which points to weak buying activity. The Rate of Change (ROC) at -26.798 highlights sharp declines in price, while Bull/Bear Power at -0.2216 further confirms that sellers are in control.

Pi Coin Price Prediction: Bearish and Bullish Scenarios

Bearish Scenario: Downward Momentum Likely to Continue

If the current downward momentum persists, Pi Coin could test the $0.54–$0.55 support zone once again. The technical indicators, including ROC, CCI, and MACD, are aligning to suggest continued bearish pressure. In this case, Pi Coin could face further declines unless there is a dramatic shift in market sentiment.

Bullish Scenario: A Limited Recovery Is Possible

While the broader outlook is bearish, there is still a possibility of a limited recovery if buyers step in at current levels. A rise toward the $0.59–$0.61 range is possible, but this would require a clear uptick in volume and stronger bullish signals to confirm a trend reversal.

Pi Coin Price Prediction for Today: Between $0.54 and $0.65

Based on the current data, Pi Coin’s price is expected to trade within the $0.54 to $0.65 range throughout the day. The broader market bias remains bearish unless there is a clear shift in momentum during the trading session. Technical indicators continue to point to a downward trend, but the potential for a short-term recovery remains as long as buying interest increases.

Note: As always, market volatility remains a key factor in Pi Coin’s price movements, so investors should stay updated on the latest market trends and data.