Pi Coin Price Faces Doomsday Risk After Pattern Break — Here’s How It Can Recover?

Pi Coin's price has recently dropped nearly 10% over seven days, breaking below the critical $0.219 neckline, which completes a bearish head and shoulders pattern. This breakdown projects a potential 22.8% fall, targeting around $0.169, which would establish a new all-time low, as the current low is near $0.172. However, signs of potential recovery exist: the Chaikin Money Flow (CMF) shows a divergence where the price made a lower low while CMF trended higher, suggesting buyers are absorbing dips. Similarly, the Relative Strength Index (RSI) shows a hidden bullish divergence, indicating weakening selling pressure. For Pi Coin to avert the downside risk, it must hold the $0.192 support level; breaking below this opens the path to the $0.169 target. A recovery would require reclaiming $0.233, with a full trend reversal confirmed only above $0.284.

(Source：BeInCrypto)