Pi Coin has fallen to a new all-time low, causing new panic in the community and raising questions about the long-term potential of this token. The token is currently trading at $0.4031 after a 1.49% drop in the last 24 hours.

Based on data from OKX, this coin recorded a session low of $0.3972 before a slight recovery. Despite the slight recovery, the overall trend remains bearish as sellers continue to dominate the market.

Technical indicators show ongoing weakness. The Relative Strength Index (RSI) has dropped to 31.69, a sign of strong selling pressure and lack of momentum. Pi Coin also continues to trade along the lower Bollinger Band, fluctuating around the $0.4000 mark.

Additionally, this token remains below the 20-day simple moving average (SMA), currently at $0.4437. Efforts to break through this short-term resistance level have all failed, and the price has been unable to regain this level for over a week.

Moreover, resistance continues to form at $0.4064, currently acting as the ceiling in daily trading. A drop below $0.3970 could open the door for further declines if market sentiment does not improve.

Expert Recommends Long-Term Patience Amidst Bear Market Conditions

As early supporters grow increasingly frustrated, a recent comment from cryptocurrency analyst Dr. Altcoin has attracted attention. In response to a user's question about whether waiting another five years is realistic, he called for patience and a long-term strategy.

According to Dr. Altcoin, the early days of Bitcoin and Ethereum saw similar patterns. Many investors pulled out too early, only to witness both assets yield massive profits over a five-year period. He notes that those who persist through the volatility will ultimately benefit the most.

He describes Pi Coin's current position as a potential accumulation opportunity. With this token currently trading at its lowest level since launch, he encourages supporters to plan ahead rather than act on emotion.

Dr. Altcoin advises the community to approach this phase with discipline and emphasizes the importance of conducting independent research before making investment decisions.

As Pi Coin continues to slide and investors react to new lows, technical signals remain entirely negative. With key support levels under pressure, the focus is now on whether this coin can stabilize or if more challenges lie ahead.