Pi Coin has set a new record low, raising concerns among its supporters and prompting questions about the token's future.
Price Drop and Current Pi Coin Metrics
Pi Coin has fallen to $0.4031, down 1.49% in the past 24 hours, reigniting panic among community members. Data from OKX shows the coin hit a session low of $0.3972 before recovering slightly. However, the general trend remains bearish as selling pressure dominates.
Expert Opinion on Long-Term Strategy
In light of growing frustration among early supporters, comments from crypto analyst Dr. Altcoin have gained attention. He urged participants to practice patience and focus on long-term strategies, comparing the current situation to the early days of Bitcoin and Ethereum, where many exited too soon.
Technical Indicators and Future Outlook
Technical indicators reflect ongoing weakness. The Relative Strength Index (RSI) has dropped to 31.69, indicating strong selling pressure. Pi Coin continues to trade below the 20-day Simple Moving Average (SMA), currently at $0.4437.
As Pi Coin continues to decline, investor sentiment is increasingly uncertain. Technical signals remain firmly negative, making support levels crucial to watch. Experts encourage patience and careful analysis before making investment decisions.
