Pi Coin Price Drops 1.8% to $0.482 Amid Bearish Trend

Pi Coin (PI) has been under significant selling pressure, with its price currently hovering around $0.482. This level is crucial as it marks the last significant demand zone between $0.47 and $0.48. The recent price action on the 4-hour chart shows that Pi Coin is trapped within a descending channel, with price bouncing from the $0.4719 demand zone but facing resistance at the $0.52–$0.5347 supply band. This resistance, coupled with volume profile resistance, suggests that any upside movement is limited unless the supply band is decisively cleared.

The daily chart structure indicates a weakening trend, with lower highs since May and a failure to reclaim key dynamic resistance levels. The price continues to follow a bearish trajectory under the descending trendline, and any upside rally will need to break this diagonal pressure to confirm a reversal. The reason for the downward trend today is a combination of failed bullish attempts and weakening momentum. The 30-minute Relative Strength Index (RSI) is trading near 35, indicating persistent bearish control with no short-term bullish divergence in sight. The Moving Average Convergence Divergence (MACD) on the same timeframe shows a flat histogram with the signal line still below the zero mark, indicating muted recovery strength.

The Supertrend indicator on the 4-hour chart remains bearish at $0.5091, and the price continues to trade below this trend threshold. The Directional Movement Index (DMI) adds further evidence of weakness, with the -DI (28.58) leading and ADX (20.6) rising, signaling growing bearish strength. Until the +DI reclaims dominance or ADX flattens, the bearish trend continuation remains the base case. Pi Coin is below all major exponential moving averages on the 4-hour chart, with the EMA 20/50/100/200 stack firmly bearish. The EMA20 ($0.4952) is now the first ceiling to overcome for any short-term bounce.

The Bollinger Bands on the 4-hour chart remain squeezed with price touching the lower band ($0.4792), a typical precursor to a volatility-driven move. However, the current candle structure shows no decisive reversal yet, suggesting a likelihood of another retest of $0.4719 or a breakdown attempt below this level. The Volume Weighted Average Price (VWAP) on the 30-minute chart has also turned into resistance at $0.4885, with price consolidating underneath it. This alignment further confirms that bulls are struggling to reclaim intraday momentum. Adding to the pressure, the Parabolic SAR dots have flipped back above price on the 30-minute chart, reinforcing a continuation of the downtrend unless short-term volatility spikes upward.

In the next 24 hours, if Pi Coin price breaks below the $0.4719 level, the next downside zone to monitor will be around $0.442–$0.450. This area aligns with historical inefficiency zones and the lower edge of volume profile support. The volume profile reveals a strong demand zone between $0.4719 and $0.4800, where previous selloffs were absorbed and buying interest spiked. This region forms a critical defense area, and any breakdown below it could trigger a drop toward $0.44. On the upside, thin volume between $0.50 and $0.5347 indicates weak support for sustained rallies. Reclaiming $0.5347 is essential for bulls to challenge the broader bearish structure. From a broader perspective, the daily chart structure stays bearish below $0.60, where trendline resistance and major liquidity clusters sit. Any meaningful macro shift would require a break above that region, which remains distant for now.