Pi Coin Price in Limbo — Is A Breakdown or a Bounce Back Ahead?
BeInCrypto
Pi Coin is trading sideways with bearish sentiment, holding above $0.200 support but facing potential breakdown.Summary
Pi Coin is experiencing a prolonged period of sideways price action, leading to bearish sentiment among investors, as indicated by the Weighted Sentiment indicator dipping below the neutral line. Technically, the Relative Strength Index (RSI) is in the bearish zone, even touching oversold territory without triggering a reversal, suggesting weak demand. Currently priced at $0.203, Pi Coin is maintaining a critical support level at $0.200. If this support fails due to accelerating selling pressure, the price could drop to $0.180 and potentially challenge its all-time low of $0.153. Conversely, a bounce from the $0.200 base could target resistance at $0.229, which would invalidate the current bearish outlook.
(Source：BeInCrypto)