Despite the hopes of many investors, Pi Coin appears to be stuck in a downward spiral that is hard to stop. With prices near all-time lows, this cryptocurrency is encountering significant challenges. What does the future hold for Pi Coin ?
The Pi Coin is going through a difficult period, with its price continuously falling in recent days. The cryptocurrency faces major headwinds, and market conditions are rapidly deteriorating, limiting any hope for a bullish recovery. A drop towards its all-time low seems increasingly likely.
Pi Coin’s RSI (Relative Strength Index) has significantly decreased, showing growing bearish momentum. Although the RSI isn’t yet in oversold territory, a trend reversal remains unlikely. Despite price levels that might appear attractive to some buyers, this token hasn’t generated significant buying pressure, suggesting further declines ahead.
Over the past 24 hours, Pi Coin has dropped by 7.4%, trading around $0.354. The altcoin has broken through the support level at $0.362, raising concerns about its stabilization.
Currently, Pi Coin is holding above the local support at $0.344. If this level gives way, the token could fall towards its all-time low of $0.322, representing an additional decline of 8.9%, reinforcing the bearish trend.
If Pi Coin rebounds from $0.344, it could reach $0.362 as a new support level. A successful breakthrough would invalidate the bearish thesis and could trigger a bullish breakout towards $0.401.
For now, technical signals and market sentiment remain unfavorable. Investors should stay vigilant and follow the latest analyses to anticipate market movements.
Despite this challenging period, PI remains a strategic asset. Invest before a potential rebound with this practical guide for purchasing on Bitget :
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