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Pi Coin Shows Resilience Despite Short-Term Bearish Signals
Pi Coin Shows Resilience Despite Short-Term Bearish Signals
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin’s price has dipped 4% today to $0.746, underperforming against a broader crypto market decline of 1.5%. Despite this, the token has posted weekly gains of 1.5% and remains 17% higher on a monthly basis—though still 33% below its fortnightly peak.
Technical analysis reveals a bearish flag pattern, suggesting potential near-term downside. However, the coin is now entering oversold territory, with traders watching for a possible reversal as long-term fundamentals remain strong.
Notably, Pi has retreated from its recent $1.57 peak—a two-month high achieved before the current correction. The project’s innovative mobile mining concept continues to attract speculative interest despite recent price volatility.
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