Pi Coin's price is currently in a downward trend and is facing significant bearish pressure. The cryptocurrency has dropped by 7.4% in the last 24 hours, trading at $0.354, and has fallen below a key support level of $0.362. This decline has put it at risk of dropping to its all-time low of $0.322.
Technical indicators are reinforcing this negative outlook. The Relative Strength Index (RSI) is falling, showing that bearish momentum is strong and a price reversal is unlikely. The Moving Average Convergence Divergence (MACD) is also signaling a potential bearish crossover, which would further confirm the negative trend.
Despite its low price, there has not been enough buying interest to spark a rebound, which suggests that further price declines are likely. While a drop to the all-time low seems increasingly possible, a potential bounce from the local support level of $0.344 could offer a chance for recovery, possibly pushing the price back up toward $0.401. However, the current market sentiment remains pessimistic.
August 2025, Cryptoniteuae