Pi Coin (PICO) Price Prediction for Today (March 17)

We predicted yesterday that Pi Coin's price could drop to $1.30 if sellers pushed the market below the $1.50 support level.

Pi Coin (PI) price dropped by over 7% in the past 24 hours, slowing down the market. As a result, the technical indicators are reflecting bearish sentiment, and there are no immediate signs of a trend reversal.

At the time of writing, Pi Coin is trading at $1.39, with a 24-hour low of $1.31 and a high of $1.54. The crypto is showing signs of stabilization after a decent recovery from recent lows.

After a brief rally, Pi Coin’s price faced rejection at the $1.70 to $1.80 resistance range, as predicted yesterday by Ben Armstrong, a crypto influencer known as "Bastonconomic." This rejection stalled the recovery and brought the price back down.

As predicted yesterday, if sellers pushed the price lower, the next target was the $1.30 to $1.35 range, which could be reached if the $1.50 support fails.

On the other hand, if buyers regain control and push the price above $1.50 again, the next target would be the $1.70 to $1.80 range, where further resistance is anticipated.

The RSI is currently at 41.04, indicating selling pressure but no oversold conditions yet. The MACD is still negative at -0.013, confirming the downward trend.

The ultimate oscillator stands at 49.912, showing a balance between buying and selling without a clear directional preference. The Rate of Change shows some buying interest but not enough to overpower the bearish trend.

Overall, the technical indicators suggest that sellers have a slight upper hand, and we might see continued selling pressure. However, if buying interest increases significantly, it could lead to a trend reversal.

Stay tuned to Benzinga for more crypto news and analysis.

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