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Pi Coin is Now 10% From an All-Time Low; Any Chance of Recovery?OKX:PIUSDT current price of $0.44 is holding just below the resistance of $0.45, a critical level for the altcoin. However, with the ongoing downtrend, this resistance is proving difficult to breach. The altcoin has faced continuous declines for the past two months, and without significant support, it remains susceptible to further drops. OKX:PIUSDT is only 10% away from reaching its all-time low of $0.40. Given the current market conditions and Pi Coin's negative correlation with Bitcoin, the chances of the altcoin falling to this level are growing. However, if investors increase buying pressure, OKX:PIUSDT may experience a rebound . A successful breach of $0.45 as support could lead to a recovery, pushing the price to $0.49. If this happens, the current downtrend could be invalidated, providing a potential window of opportunity for OKX:PIUSDT to reverse its fortunes.
by aaryamann_shrivastava_bic
PI breakout !!Trendline Break: Price has broken above a descending trendline — often a bullish signal. A small retest is visible, indicating confirmation of the breakout. Equal Highs (Liquidity Pool): Labelled “$$ same highs” — this suggests buy-side liquidity is resting above that level. Price often targets these highs to grab liquidity before a reversal or continuation. BSL (Buy-Side Liquidity): Two BSL levels marked; price may aim for these as upside targets. FVG (Fair Value Gap): The green shaded zone above represents an imbalance (FVG), usually a magnet for price. Price may fill this area, targeting between 0.95 – 1.10 USDT. 📈 Expected Move (Bullish Bias): Short-term: Move above the “$$ same highs” to run liquidity. Mid-term: Push towards first BSL (~0.75 USDT). Long-term: Potential fill of the FVG zone around 1.00 USDT. ⚠️ Watch for: “same highs” area (could be a stop hunt).
Long
by bullcrypto_1235
3
80% DropIs an 80% Drop Ahead for Pi Network (PIUSDT)? 📉 🔹 Key Supports: 0.50, 0.10, and 0.01 USD 🔹 Key Resistances: 0.60, 0.70, and 1.00 USD ✅ PIUSDT is in a downtrend, and after breaking below 0.60 USD, it has dipped under the 0.50 USD support zone. If this trend continues, a decline toward 0.10 USD (approximately 80% drop) is possible. 📉 If sellers maintain control, breaking 0.50 USD could accelerate the downtrend. 📈 However, reclaiming 0.60 USD may lead to a corrective move toward 0.70 USD and potentially 1.00 USD. 🔍 Conclusion: The trend remains bearish, and a confirmed breakdown of 0.50 USD increases the likelihood of a drop to 0.10 USD.
Short
by EhsanZeydabadi
2
Best LevelsGeneral Observation: 📉 Strong Bearish Candles: After a sudden price spike, the price has undergone a sharp correction, forming strong bearish candles. 📊 Support & Resistance Levels: Several key levels are marked on the chart: 🔴 Resistance Levels: 1.00, 1.50, 2.00, and higher. 🟢 Support Levels: 0.50, 0.10, 0.05, and 0.01. 📉 Trading Volume: Initially high but then declined, indicating seller dominance and weakening buyer strength. ⚠️ Possibility of Further Decline: The price is near the 0.70 support. If broken, further drops to 0.50 or even 0.10 could follow. 🚀 Bullish Scenario: If the price reclaims 0.80, an upward move towards 1.00 might occur.
by EhsanZeydabadi
4
$PI - Pi NetworkPi Network might have just made it to the Guinness Crypto Record! Launched trading at $0, 01 cents on the 29.12.2022 on Huobi, it topped $345 exactly 24 hours later, that was only the IMPULSE WAVE, this impulse wave seems to be consolidating in the range $50 and $100, that puts waves 3 and 5 at over $1k! This is coin which has been mined for free on mobile phones since the project started in 2019 had a massive run in 24 hours, with 33 million active users world wide, it's trying to do something Bitcoin failed to do - a fair distribution to most people! Couldn't believe my Pi portfolio on the 30.12.2022 for a coin that I mined for free! The free mining on Pi Network is still active anyone with a mobile phone can still mine it for free although the mining rate has drastically gone down, but with 4 to 5 invitees actively mining you can still get 2,88 Pi per day at the current trading rate of $68, that's $195 per day!
PLong
by ankhramsiswmriimn
7