- Pi Coin price fell from $0.4021 to $0.375, showing strong selling pressure and weak recovery attempts.
- MACD shows early bullish crossover, but both lines remain negative, signaling low momentum.
- RSI at 43.24 indicates weak buying interest, with PI coin price stuck in a tight $0.380–$0.388
Pi Coin price recently dropped sharply from $0.4021 to a low near $0.375, raising concerns about whether current support levels will hold. As the market shows signs of indecision and weak momentum, traders are closely watching the $0.374 zone for any signs of a sustained reversal.
Pi Coin Price Faces Downward Pressure After Sharp Sell-Off
Pi Coin price opened the day around $0.4021 but soon experienced a strong downward move. The price fell to an intraday low near $0.375, where it found temporary support. This drop marked a clear shift in sentiment after the coin failed to hold its early gains.
Following the fall, the price attempted a slight rebound. However, sellers remained in control, as reflected in multiple bearish engulfing patterns on the chart. These patterns appeared near the $0.390–$0.396 zone, where several rejection points also formed. This resistance zone continues to limit any upward recovery.
As of the latest update, Pi Coin price trades around $0.3852, down 2.81% in the past 24 hours. Despite a 4.12% increase in volume, price action remains bearish. Most of the increased trading activity appears to come from sellers, pushing prices lower during the day.
Source: CoinMarketCap
The area between $0.374 and $0.376 has acted as a short-term support zone. This level has prevented further downside so far, but momentum indicators are not signaling strong recovery. The RSI stands at 43.24, showing weak buying pressure after a bounce from near-oversold levels.
The MACD also points to early signs of a possible reversal. The MACD line is just beginning to cross above the signal line, although both are still in negative territory. The histogram is slightly positive, but this alone may not confirm a trend change without supporting price movement.
Source: TradingView
Price is now consolidating in a narrow range between $0.380 and $0.388. The sideways candles and lower highs indicate that buyers are hesitant, while sellers continue to limit gains. If the price breaks below $0.374, further downside could follow, potentially testing the $0.365 area.
To shift the current trend, Pi Coin price must break and close above $0.390 with strong volume. Until then, the market remains uncertain. Traders are advised to watch for confirmed breakout signals or breakdowns from current support to assess the next move.
