Pi Coin is facing difficulties following a failed attempt to break above the $0.64 level, returning to a narrow consolidation range around a key support zone.
Current Market Situation
The current price of Pi Coin stands at $0.5185, down 2.3% over the last 24 hours. Trading volume has decreased by more than 30%, and the market structure remains sideways with a bearish bias.
Pi Coin Chart Analysis
The 4-hour chart shows a sustained downtrend since mid-June, with the last peak at $0.64 now acting as dynamic resistance. The key support zone is between $0.48 and $0.50.
Pi Coin Price Forecasts
Several scenarios exist for price movements: a bullish or neutral scenario suggests sideways trading if the $0.50 level holds, while a bearish scenario could lead to a decline towards $0.47–$0.49 if the $0.50 level is broken.
Pi Coin remains in a state of consolidation, with risks of further declines. Traders are closely monitoring the $0.50 level, which is becoming critical for future price movements.
