PI Coin Struggles as Bearish Signals Dominate Market Outlook

PI Coin continues to show weakness with key technical indicators pointing to further downside. The Relative Strength Index (RSI) remains below the critical 50.0 level, indicating sustained bearish momentum. The Ichimoku Cloud sitting above price action reinforces this negative outlook, suggesting no immediate reversal in sight.

Currently trading at $0.45, Pi Coin risks setting new record lows if the current trend persists. Despite oversold conditions, there are no clear signs of bullish divergence or technical support that might signal a turnaround.

Market analysts highlight the convergence of multiple bearish signals. 'When you see RSI and Ichimoku aligning like this, it's practically a textbook downtrend scenario,' noted one trading desk analyst. Investors are watching for either a fundamental catalyst or technical breakout to shift market sentiment.