Pi Coin records a steep decline, with technical indicators remaining bearish. Traders are keeping a close eye on the $0.20 and $0.18 support zones for potential breakdowns or reversals.
Key Highlights
- Pi Coin price fell to $0.2088, marking an 11.9% decline over the past 7 days.
- Sustained selling pressure follows the launch of the DeFi testnet and DEX platform.
- Key support lies at $0.20 — a breakdown could open the path toward $0.18 (June low).
Sharp Drop Below $0.21 Signals Lost Momentum
It’s hard to ignore the recent sharp decline in Pi Coin’s price. The token dropped 2.61% in just one day, while the weekly loss has reached nearly 12%. Market capitalization also slipped to $1.72 billion.
What’s concerning is that Pi Coin isn’t just tracking the broader crypto market’s downtrend — it’s outperforming it to the downside. Decreasing interest in Pi Network’s DeFi testnet and decentralized exchange (DEX) has made investors more cautious.
This decline is amplified by broader market instability, with inflation risks and technical uncertainty weighing heavily on sentiment.
Where Will Pi Coin Head Next?
After failing to break the resistance at $0.228 — the top of the descending channel — Pi’s price fell sharply to $0.209. This triggered additional bearish technical signals that may point to further downside.
Currently, the Fibonacci 78.6% retracement level is at $0.202 — close to the current price zone. This suggests a possible short period of consolidation before the next major move.
The RSI (14) is sitting at 28.61 — deep into oversold territory, yet without a clear bullish divergence, indicating that buyers are not stepping in with conviction.
Meanwhile, the MACD remains bearish, with a confirmed negative crossover and a histogram value of -0.00074 — confirming weak momentum and negative sentiment.
Possible Scenarios and Key Levels to Watch
The nearest support is the psychological level at $0.20. If Pi Coin closes below this level with volume, it could trigger a deeper correction toward $0.18 — the June low.
Without a positive catalyst, investors should expect continued volatility as the market responds to both technical signals and concerns about token supply and market confidence.
Conclusion
Pi Coin has entered a high-risk zone, with price action slipping into oversold territory. However, there’s no strong bullish momentum to signal a reversal. Unless the price reclaims the $0.20 level and accumulation signals emerge, the risk of further decline toward $0.18 remains high. A potential recovery will likely require fresh market catalysts and renewed investor interest.
Frequently Asked Questions
Find answers to the most common questions below.
Pi Coin is facing heavy selling pressure due to waning interest in its DeFi testnet and lack of bullish momentum, pushing it below key support levels.
The next critical support lies at $0.20. A breakdown below this could trigger a drop to $0.18 — the token’s June low.
Yes. The RSI is at 28.61, indicating the token is in oversold territory, but there are no strong reversal signals yet.
A sustained move above $0.20, positive project developments, or broader crypto market recovery could boost investor sentiment and drive a rebound.
This article is for general informational purposes only and is not intended to be, and should not be construed as, legal or investment advice. Crypto-assets are highly volatile, so only invest funds that you are willing to lose and use your own research and risk management.
