Today, Pi Coin continues to face significant price declines, losing 35% since breaking below a key support level.
Current Market Situation of Pi Coin
Pi Coin's price dropped by 30% today, reaching around $0.52. Signs of bulls attempting to push the price higher are emerging with an increase in trading volume. The current 4-hour session shows positive movement, indicating a possible trend reversal.
Bullish Scenarios for Pi Coin
If Pi Coin can break and hold above the $0.52 level, it may reach $0.57, confirming the potential trend reversal. Increasing buying volume could lead to testing the psychological resistance level at $0.60.
Bearish Scenarios for Pi Coin
If Pi Coin fails to maintain the $0.52 level, sideways consolidation or further decline toward the $0.45 support zone is likely. Strong selling pressure could test the critical $0.42 level, indicating the continuation of the correction phase.
In the current situation, it's essential to monitor the 4-hour candle closures, as they will provide clear signals regarding the future price movement in the Pi Coin market.
