Pi Coin prices continue to fluctuate under bearish pressure following unsuccessful attempts to break through key resistance levels. Let's examine the current situation and forecasts.
Current Price and Dynamics
Currently, Pi Coin is priced at $0.5750, representing a 9% decrease in the last 24 hours. High trading volume during sell-offs suggests the possibility of further price declines.
Pi Coin Chart Analysis
The chart indicates that the downtrend remains intact. Lower highs continue to form, and the resistance line caps the rally again. Unless price reclaims $0.64 with strong volume, the bearish dynamic persists.
Price Predictions and Scenarios
In the current scenario, should Pi Coin close above $0.67 with high volume, a rally towards $0.70 may occur. Conversely, if price drops below $0.60, a move towards the $0.50–$0.52 zone should be anticipated.
The current situation for Pi Coin indicates that bears dominate the market. All eyes are on the $0.50–$0.52 support level, which could significantly impact future market dynamics.
