Pi Coin at Critical Juncture: Will Bulls Hold the $0.53 Support Level?

Pi Coin has regained attention as its network celebrates 100 days since the mainnet launch. The project has hit major milestones, including real-world transactions, developer tools, and a $100M ecosystem fund to drive innovation. Events like PiFest have further showcased Pi's practical utility. Over 13 million users have migrated, supported by more than 400,000 active nodes.

Despite these achievements, community sentiment remains mixed. Many early contributors face difficulties accessing their balances due to KYC and migration bottlenecks. These challenges are now impacting Pi Coin's price action, which is struggling below key resistance levels.

On the 4-hour chart, Pi Coin is trading at $0.5383, down 0.52% in the past 24 hours. The market cap stands at $4.02 billion, with trading volume surging 45.01% to $75.78 million. Bollinger Bands show tightening volatility, with the price NEAR the lower band. The 20-SMA at $0.5390 acts as dynamic resistance. Key resistance levels are at $0.578 and $0.647, while support lies at $0.5277.