Pi Coin is currently experiencing a price drop, having reached $1.39, alongside a trading volume decrease of over 10%. Technical indicators suggest a continued downward trend.
Current Market Situation of Pi Coin
The fall of Pi Coin's price below the $1.50 support level led to a drop to $1.39, showing more than a 7% decrease. Trading activity has shrunk by 10%, indicating a market slowdown. Technical indicators like RSI and MACD remain in the negative, highlighting seller dominance.
Risk of Pi Coin Support
Pi Coin's price is close to a key support level on the four-hour chart. This level has been tested several times, usually leading to a bounce. If buyers re-enter, the price might stabilize towards the $1.80 to $2.00 resistance range.
Today's Forecast
With the current momentum, Pi Coin might test the $1.30 support level soon. If this holds, we could see fluctuations between $1.30 and $1.50. Continued selling pressure could cause further decline. Recovering above $1.50 might revisit the $1.70-$1.80 zone, but significant positive changes will require a shift in market sentiment.
The current state of Pi Coin suggests a continuation of the downward trend, with significant support levels playing a crucial role. Regardless of short-term fluctuations, substantial improvement will require increased buyer activity.
