#pi 🚨🚨🚨Can Rising Inflows Trigger Pi Coin Price Breakout From 3-Month Downtrend?👀

Pi Coin Investors Are Hopeful

The Relative Strength Index (RSI) for Pi Coin has been signaling bearish cues for the past couple of weeks. Although the RSI has briefly peaked above the neutral mark during this period, it has consistently failed to stay above it. This pattern has been observed once again this week, reinforcing the idea that Pi Coin faces continued bearish pressure.

Moreover, the broader market sentiment remains pessimistic for Pi Coin. Despite occasional bullish attempts, the persistent failure to maintain upward movement signals that the altcoin might struggle to break free from its downtrend.

PI Price Is Looking To Recover

Currently, Pi Coin is trading at $0.383, having failed to breach a crucial resistance at $0.440. This resulted in a 12% decline over the last three days, solidifying the ongoing three-month downtrend. The inability to break through key resistance levels has left Pi Coin vulnerable to further losses.

Pi Coin’s price is now just 16% away from its ATL of $0.322, and mixed sentiment from technical indicators suggests that it may not hit this level in the immediate future. The altcoin is likely to attempt a bounce from its current support at $0.362.