Pi Coin's price continues to decline to $0.5377, recording a decrease of 2%. Sellers maintain control over short-term dynamics.
Current Price Overview of Pi Coin
As of now, the price of Pi Coin is $0.5377, which is a 2.00% drop compared to the previous day. Trading volume remains low, which supports negative market sentiment.
Chart Analysis and Technical Indicators
The Pi Coin chart is still following a classic downtrend, with lower highs and lower lows being formed over time. The descending trendline from May 24 remains strong, with the last buyer attempt to break above this level on June 13 being rejected. Technical indicators show a bearish trend: 'Most indicators are still leaning bearish.'
Price Predictions for Pi Coin
There are three potential scenarios for future price action. A bullish breakout could occur above $0.60 with significant volume. Alternatively, if the $0.52 support holds, the price may continue moving sideways between $0.52 and $0.60. In the bearish scenario, a drop below $0.52 could see the price heading towards the $0.44-$0.40 support zone.
Currently, Pi Coin's price is under pressure, and it is essential to monitor the $0.52 support level. The trading profile remains bearish without strong signals for buyers.
