PIUSDT price is currently hovering at $0.44, just 9% away from its all-time low of $0.40. The recent decline has pushed the altcoin below the support of $0.45, indicating a weak position. The next support level for Pi Coin is crucial as it attempts to hold above its current levels.With Pi Coin already down 10% in the past two days, the outlook appears grim. Should the selling pressure continue, the altcoin may easily slide to its all-time low, forming a new ATL (all-time low). This would mark a new low in
PIUSDT short history, potentially signaling a longer-term bearish phase.However, if
PIUSDT manages to reverse its course, there is hope for recovery. If it can secure $0.45 as a reliable support floor, the altcoin may push past $0.49 and even reach $0.51. If these levels are reclaimed, the bearish thesis could be invalidated, and a new upward momentum may be formed.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.