Pi Coin remains under pressure, even as altcoins across the market see impressive gains. With whales offloading 1.5 million tokens onto exchanges, investor anxiety is rising. Are we facing a deeper crash, or is a recovery just ahead?
🔹 Selling Pressure at Historic Lows: Pi Nears a Breaking Point
Currently, Pi Coin is trading just 9% above its all-time low of $0.40, prompting concerns that the token may be “dead.” A 4-hour chart shows mixed technical signals, raising uncertainty about the next move.
🔹 The RSI indicator suggests a potential rebound as it climbs while the price falls, signaling that some traders are buying the dip. If this trend holds, Pi Coin could bounce first to $0.47, then potentially to $0.52 (the 161.8% Fibonacci level).
🔹 Bollinger Bands are narrowing, a common sign that a sharp move may be coming. If bullish momentum returns, Pi could rally in the short term.
🔹 Bearish Pressures Persist: Weak Growth, Aggressive Sell-Offs
Despite a broader market rally, Pi Coin has failed to post strong gains in recent weeks. This lack of momentum is pushing traders to rotate into more profitable assets.
📉 A descending triangle breakdown detected by analysts indicates a potential 40% drop to $0.26, especially as exchange inflows rise. The data points to a cautious — or even bearish — sentiment among traders.
🔹 1.5 Million Tokens Transferred: Whales Show No Confidence
On-chain data from Piscan reveals that in the last 24 hours, ten major whale transactions transferred 1.5 million Pi tokens to exchanges such as OKX, Bitget, and Pionex.
📊 This shift suggests whales are reducing exposure and unwilling to hold Pi at current levels — a red flag for short-term price prospects. When key holders exit positions, it typically adds downward pressure on price.
🔚 Summary: Collapse or Recovery?
Pi Coin is at a crossroads. On one side, technical indicators suggest a potential bounce. On the other, whale selling and weak price action point to further downside. The most likely scenario is a retest of the $0.40 low — and possibly a drop below — unless new demand suddenly emerges.
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