Pi coin price prediction: currently testing the local support at $0.344, if it fails to hold, it may dip to historical lows.

The Crypto Asset Pi coin has recently been under pressure, with prices continuously falling and struggling to maintain an upward momentum. As the market environment deteriorates, the RSI indicator has sharply declined and the MACD is nearing a death cross, with short positions gaining significant momentum. Currently, the Pi coin has fallen below the critical support level of 0.362 USD and is testing the local support at 0.344 USD. If it fails to hold, it may dip to the historical low (ATL) of 0.322 USD, and investors need to be wary of the risk of a deep pullback.

Pi coin deeply trapped in bearish pressure The Pi coin has recently struggled to maintain upward momentum, with prices continuing to decline. Affected by the overall deterioration of the crypto assets market, the token has entered a downtrend, and the breakout of the price action is hindered. As the market weakens, the possibility of the Pi coin price dipping toward historical lows (ATL) is increasing.

Technical indicators release bearish signals

(Pi coin RSI | Source: TradingView)

• RSI Plummeting: The Relative Strength Index (RSI) of Pi coin has seen a significant decline, indicating that bearish momentum is strengthening. As the RSI has not yet reached the oversold threshold of 30.0, the likelihood of a reversal in the short term is very low.

• Weak Buying Pressure: Although extremely low prices usually attract bottom-fishing buyers, the current price trend of Pi coin has not triggered significant buying pressure. The lack of obvious rebound signs suggests that there may be further declines in the future.

• MACD Warning Death Cross: The macro momentum indicator for Pi coin has also turned bearish. The Moving Average Convergence Divergence (MACD) is approaching a death cross, with the signal line gradually getting closer and potentially crossing above the MACD line. A MACD death cross will signify a significant shift in momentum, increasing the downside risk for the future.

  (Pi coin MACD | Source: TradingView)

Pi coin price approaches historical low In the past 24 hours, the price of Pi coin has plummeted by 7.4%, currently trading at $0.354. This altcoin has fallen below the support level of $0.362, raising concerns in the market about its ability to stabilize. The downward momentum is accelerating, and the price of Pi coin reflects the increasingly intensified market pessimism.

Key support and market outlook

• Death Line: The Pi coin is currently barely holding above the local support level of $0.344. If this key support level is lost, the token price may further dip to the historical low (ATL) of $0.322, representing a potential fall of 8.9% from the current price. If this level is reached, it will strengthen the bearish trend.
• Reversal Opportunity: If Pi coin can effectively rebound from the support level of $0.344, it is expected to reclaim the level of $0.362 and convert it into support. A successful recovery and breakthrough of this resistance level will reverse the current bearish outlook and may trigger a price breakout upwards, targeting $0.401 (potential increase of about 8.2%).

Conclusion: The technical outlook for Pi coin currently shows a comprehensive bearish trend, with a MACD death cross warning and an RSI downtrend resonating. $0.344 has become a key watershed for bulls and bears, and its gain or loss will determine whether Pi coin falls to historical lows or experiences a technical rebound. Crypto Assets traders should closely monitor the defense strength of this support area and changes in market sentiment to guard against extreme price volatility risks.