Pi Coin Price Prediction for Today (April 20)

By CaptainAltcoin
4 days ago
APRIL SAVE PI DAILY CIN

The Pi Coin price was mostly flat yesterday, trading around $0.65. In our previous price prediction we estimated that a breakout above $0.65 could open the door towards $0.68-0.70 range, but that didn’t happen.

Let’s see where the Pi Network price could be headed today.

📉 Pi Coin Chart Analysis

Pi Coin is trading at $0.6502 on the 4-hour chart. The price seems to be consolidating after a small recovery from the April 17 low. We saw a big drop from about $0.78 on April 15 down to $0.59 on April 17, before the price started to climb back up slightly. Before this drop, Pi had risen by over 70% from $0.45 on April 5 to more than $0.78, and now we’re seeing a correction of that move.

The main support area is between $0.59 and $0.61, which was tested on April 17. Looking at resistance, Pi faces hurdles at $0.68-$0.70, which has stopped the price from rising further after the recent recovery. There’s also strong resistance at $0.78-$0.80, where the previous rally stopped.

Source: TradingView

The short-term trend looks neutral to slightly bearish. The bounce we’ve seen doesn’t show much strength. In the mid-term, after the big rise and recent pullback, the market seems to be figuring out which way to go next, so we’re in a consolidation phase.

📊 Daily Technical Indicators

The daily indicators show a mixed picture for Pi Coin. The MACD is still in negative territory, which suggests bearish momentum hasn’t gone away yet.

The Ultimate Oscillator reads 39.7, showing weak buying pressure. On the positive side, the Rate of Change is up, which might mean sentiment is starting to shift to bullish. This could lead to a short-term bounce if Pi can break through key resistance levels.

Indicator Value Interpretation
MACD -0.102 Bearish momentum still present
CCI (Commodity channel index) 14.84 Near-neutral, no strong trend
Ultimate Oscillator 39.7 Below 50, suggests weak buying pressure
ROC (Rate of Change) 5.592 ✅ Positive momentum – suggests buying interest may be returning
Bull/Bear Power -0.0076 Slightly bearish, but very close to neutral

Pi Coin Price Predictions for April 20

If Pi holds above $0.64 and breaks through $0.68, it could reach $0.70-$0.72 by the end of today. The positive ROC and steady Bear/Bull Power indicators hint that a reversal might be coming, especially if we see more trading volume. A move up to $0.75 today isn’t likely unless there’s big news for Pi or the whole altcoin market jumps with Bitcoin.

On the downside, if Pi falls below $0.64, it will likely drop to $0.61 next, and possibly retest the $0.59 support zone. The MACD still shows bearish pressure, and with the Ultimate Oscillator below 40, buyers don’t seem very strong right now. If Pi breaks below $0.59, we could see it fall further to the $0.53-$0.55 range.

For today, Pi Coin looks mostly neutral with a slight chance of moving up. Traders should watch for a break above $0.68 or below $0.64 to confirm which way the price is heading. Trading volume and overall market mood, especially what Bitcoin does, will probably determine if Pi makes any big moves today.

Read also: 3 Brutal Reasons Why Pi Coin Is Crashing – And What Could Actually Save the Price (and When)

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

The post Pi Coin Price Prediction for Today (April 20) appeared first on CaptainAltcoin.

Related News