PI Coin Faces Bearish Signals Despite Strong Retail Support: Death Cross Looms
Pi Coin, despite amassing over 4 million votes as the most bullish cryptocurrency in CoinMarketCap’s top 100, is encountering growing skepticism. The project’s dual perception—as either a short-term trading opportunity or a long-term developmental gamble—has created a divided market sentiment.
Technical indicators now lean bearish, with analysts highlighting a prominent "death cross" pattern characterized by SMA crossovers and a declining MACD. Pi Barter Mall’s recent post on X reinforces these warning signs, indicating potential momentum loss even amid strong retail enthusiasm.