Pi Coin Price Struggles Near $0.4507 Support Zone Amid Bearish Momentum

Pi Coin's price has been struggling near a long-standing support zone after multiple failed breakout attempts. The price is currently trading at $0.4507, with bulls attempting to stabilize above key levels. However, the overall structure suggests fading momentum and a potential breakdown if demand does not return.

The price has been in a consistent downtrend since failing to sustain above $0.6500 in late June. On the 4-hour chart, the price is hovering just above a key demand zone near $0.4462–$0.4200, which has repeatedly absorbed selling pressure over the past month. The current setup shows multiple change-of-character (CHoCH) and break-of-structure (BOS) signals near the $0.4750 and $0.5000 levels, indicating continued market inefficiency and liquidity sweeps. Smart Money indicators suggest that sellers are controlling momentum, especially as the price rejected the $0.5500–$0.6000 supply zone last week.

On the daily timeframe, Pi Coin's price action has compressed into a descending triangle structure, with the lower bound at $0.4460 acting as a horizontal support. This is now the third test of the range since June began, increasing the probability of a downside break unless bulls defend with volume.

The ongoing decline in Pi Coin's price is driven by both weakening trend strength and persistent rejection from dynamic resistance levels. On the 4-hour Bollinger Bands, the price is pressing against the lower band ($0.4460) after failing to hold mid-band resistance near $0.4705. Band compression is signaling another potential expansion phase, likely downward unless bulls reclaim the $0.4650–$0.4700 range.

The EMA structure is also bearish across all short and medium timeframes. The 20/50/100/200 EMA stack on the 4-hour chart shows clear downside alignment, with all major moving averages sitting above the current price. The 200 EMA is at $0.5251, which aligns with the macro trendline from late April.

Momentum indicators continue to reflect a bearish bias. The 30-minute RSI sits at 40.85, still below the neutral 50 mark, while the MACD shows a slight bearish crossover, with the histogram barely recovering above the zero line. Parabolic SAR dots remain above the price on the 30-minute chart, reinforcing the short-term downtrend, while session VWAP shows the price struggling below the mean line at $0.4523.

Volume-based indicators and liquidity zones suggest that Pi Coin's price is entering a high-stakes region. The supply-demand heatmap reveals a large accumulation zone between $0.4000 and $0.4600, which has historically triggered short-term bounces. However, without fresh demand, this level may not hold much longer. The BBP (Bull-Bear Power) indicator remains negative at -0.0151, suggesting bears are still in control of the intraday bias. Meanwhile, the Chaikin Money Flow (CMF) prints at -0.04, reflecting persistent capital outflow, a red flag for bulls looking to stage a recovery.

In the next 24 hours, Pi Coin's price is expected to continue testing the $0.4460 support region. A clean break below this level could open a move toward $0.4200, followed by deeper downside targets near $0.4000, the lower bound of the visible demand block. If bulls reclaim $0.4635 (EMA20) with strong volume, a short squeeze toward $0.4850 and $0.5000 could unfold. However, all momentum and volume signals currently lean bearish. A reversal remains possible, but only if key levels flip into support. Traders should monitor the $0.4460–$0.4520 range closely for signs of reaction or breakdown.