đ¨đ¨Pi Coin is facing renewed selling pressure after dropping nearly 5% in the past 24 hours. The token is now trading at $0.7453, with a noticeable rise in trading volume, up by 32.23%. This comes after a failed breakout attempt above $0.85 earlier this month, followed by a steady downtrend and a shift into range-bound price action.
Pi Coin price continues to consolidate between $0.70Â and $0.80. The support zone at $0.70â$0.73 has been tested several times but is holding for now. Meanwhile, the resistance zone at $0.80â$0.85 remains untouched since the failed breakout earlier in the month. Short-bodied candles and low momentum show the market is indecisive.
The 4H chart still reflects a distribution phase following the sharp rally that peaked near $1.75 in mid-May. After the price collapsed back down to the $0.70â$0.75 region, an attempt to reverse failed at $0.85. Since then, the chart has formed a sideways channel, and buyers have not stepped in with force.
Volume has picked up today, but itâs mostly red, indicating that sell orders are driving market activity. As long as the $0.70 level holds, the token may remain within the same range. A break below this zone, however, could shift momentum firmly back to the downside.