Pi Coin continues its relentless decline regardless of the broader cryptocurrency market experiencing unprecedented positive factors, with Bitcoin reaching new highs of $118,000 and Ethereum breaking $3,000.
The token that after attracted hundreds of thousands of followers now trades at $0.465, dangerously near its all-time low of $0.400.
Even the latest Pi2Day celebration didn’t inject momentum into the struggling altcoin, which has suffered a devastating 26.4% decline over the previous two weeks.
The technical indicators paint an more and more bearish image for Pi Community. The cryptocurrency has established a detrimental correlation of -0.27 with Bitcoin, that means it strikes in the wrong way to the market chief.
Technical Outlook: Pi Community Nonetheless Bearish – However a Breakout Might Flip the Script
Pi Community stays locked in a agency downtrend, buying and selling inside a descending channel that has outlined value motion since its post-launch peak.
Every rally try has failed on the higher boundary of the channel, reinforcing it as a powerful resistance zone.
The amount profile additionally reveals muted participation, with declining quantity all through the downtrend, suggesting that purchaser conviction stays low.
Regardless of that, the RSI has climbed to 55.46 – a impartial however bettering sign that would point out momentum is beginning to shift.
Whereas the present setup nonetheless leans bearish, a confirmed breakout above the descending channel might set off a pointy reversal.
In that situation, PI might goal key resistance ranges at $0.98, $1.38, and $1.67 – with the potential for a sustained restoration if bullish momentum builds.
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Finest Pockets affords top-tier safety, fiat on/off ramps, and upcoming options like a crypto debit card and portfolio instruments.
A standout function is “Upcoming Tokens,” which lets customers uncover new crypto initiatives earlier than they hit the general public market.
With actual utility and a rising ecosystem, $BEST is without doubt one of the most promising presales to observe proper now.
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