PI Coin Shows Bearish Momentum as Key Support Levels Break Down

PI Coin's recent price movement indicates concerning downward momentum, with the token falling below crucial support levels. This decline suggests a potential retest of its all-time low at $0.40, last observed during periods of significant market stress.

Technical indicators reinforce the bearish outlook. The Accumulation/Distribution Line has dropped 82% since June 25, now at -300.73 million. This sharp decrease reflects dwindling buying pressure and declining investor interest. Historically, such a steep fall in the A/D Line precedes prolonged downturns.

The Directional Movement Index further confirms the trend, with the negative directional indicator surpassing its positive counterpart. This DMI configuration typically signals the start of sustained bearish phases, indicating that sellers currently dominate market sentiment.