š Why Pi Coin is in a Bearish Trend
1. Technical Chart Patterns
Pi is in a descending triangle, marked by lower highs and horizontal supportāa classic continuation of bearish momentum .
Itās trading near key support (around $0.55). A break below could trigger another drop toward the allātimeālow of ~$0.40 .
2. Oversold, But Low Momentum
RSI and MFI indicators are showing oversold conditions (<30ā35), suggesting a bounce could be possibleābut trading volumes are currently very weak (<$100āÆM vs. $3āÆB earlier) .
3. Rising Sell Pressure
Exchanges now hold ~345āÆM PI (a 30% increase), raising the risk of sell-offs .
JuneāJuly token unlocks (~400āÆM PI) add to supply pressure .
4. Weak Catalysts & Utility
The recent .pi domain auction fell flat, and adoption/use cases remain limited .
Without strong utility or high-profile listings, investor interest remains low .
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ā ļø Key Levels to Watch
Support
**$0.51ā0.55**: This is the major zone holding the price. A break below may result in a retest of ~$0.40 .
Resistance / Reversal Triggers
**$0.57ā0.61**: Reclaiming this range, especially above $0.61, could set the stage for recovery toward $0.70 or $0.85 .
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š When Might Pi Become Bullish?
Based on market analysis:
**Short-Term (days to a week)**
A bounce could occur if the RSI/MFI oversold signals trigger reversal and volume returns. Watch for a move above $0.57ā0.61 .
**Medium-Term (midā2025)**
Forecasts expect a 25% dip to ~$0.41 by midāJuly, with some recovery potential after that .
**Long-Term (midā2026 onward)**
Analysts anticipate possible bullish revaluation starting around midā2026, especially if ecosystem adoption accelerates and listings on major exchanges materialize .
**Very LongāTerm (by 2030)**
Optimistic projections predict Pi could reach $0.70ā0.90, and in moonshot scenarios even $500ā$1,000āthough those targets rely on significant adoption and real-world use .
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š§ What to Watch Going Forward
1. Price & Volume Action
A bounce is more likely if Pi holds above $0.55 and trading volume increases.
2. Upcoming Events
The Pi2Day event (June 28) could be a short-term catalystāpositive announcements might spur bullish sentiment .
3. Onāchain Metrics
Monitor any stabilization or decline in PI balances on exchangesāthis would indicate reduced sell pressure .
4. Ecosystem Growth & Listings
Real use cases and listings on large platforms (Binance, Coinbase) are likely the most impactful long-term drivers .
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ā Summary
Pi is currently in a bearish phaseātechnicals show weakness, supply pressure is high, and adoption is limited.
A short-term bounce is possible if it holds support and RSI oversold signals trigger momentumākey resistance lies at $0.57ā0.61.
A more sustained bull run will likely require fundamental shifts: stronger ecosystem, token unlock absorption, and exchange listings.
Analysts project that midā2026 could be the turning point, assuming successful execution. Longer-term targets range widely ($0.7ā$1 in 2026, potential moonshots much higher if Pi achieves mass use).
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Bottom line: Pi is close to a potential short-term reboundābut likely to remain in a bearish cycle until midā2026 unless major adoption and utility gains appear. If youāre holding, track support at ~$0.54ā0.55 and upcoming updates like Pi2Day.