Pi Coin Price Hovers Near $0.44 Amid Bearish Momentum

Pi Coin's price remains in a sluggish downtrend, with no significant changes in momentum. The price is hovering just above $0.44, holding onto support but showing no real strength from buyers. Most technical indicators are still flashing “sell,” and the short-term trend hasn’t flipped. After failing to stay above $0.50, the token has slipped into a quiet range, and without any fresh news or volume spikes, the sideways grind continues.

Pi Coin is currently trading in a tight band between $0.44 and $0.46. Sellers are still in control, and the price remains stuck under a trendline that’s been pressing it down since May. Until that changes, the market is likely to keep drifting. The Pi daily chart still shows a strong downtrend. Since failing to break above $1.75 in May, the price has made lower highs and faded slowly. There’s a potential bullish RSI divergence, where the RSI is climbing while Pi Coin price makes lower lows, but it hasn’t led to anything meaningful yet. Pi needs to break above the $0.48–$0.50 range to shake off this bearish pattern. If it loses $0.44, it could fall toward $0.40 next.

Key technical indicators on the daily timeframe show weak momentum, heading toward oversold conditions. The MACD indicates bearish momentum still in play, while the CCI is deep in bearish territory. The Ultimate Oscillator shows light selling pressure across all timeframes, and the ROC indicates that the price is losing ground. The Bull/Bear Power indicator shows that bears are still running the show. All these indicators point in the same direction, the market still leans bearish, and momentum hasn’t flipped yet.

In the bullish scenario, a breakout above $0.50 with strong volume could send Pi toward $0.54. However, there’s no real momentum for that move at the moment. In the neutral scenario, we might see more sideways action between $0.44 and $0.46 while the market waits for a reason to move. In the bearish scenario, a close below $0.44 could drag Pi coin down to the $0.40 zone, which last held as support earlier this month.

In summary, Pi Coin price is still under pressure, trading below key resistance and showing no strong bullish signs. The $0.44 level is holding for now, but unless volume picks up or a breakout happens, sideways or downward action seems more likely in the short term. Keep an eye on that $0.44 support, it’s the level that could set the tone for what comes next.