Pi Coin Tests New Lows as Bearish Momentum Intensifies
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin's downward spiral continued on July 30, plunging 2.45% to $0.4182 and threatening to set a new all-time low. Initially hailed as a democratic cryptocurrency, it now languishes below all critical moving averages—$0.4533 (20-day EMA), $0.5112 (50-day EMA), and $0.6430 (200-day EMA)—with declining trading volume indicating potential further losses.
The formation of a descending triangle pattern suggests an imminent breakdown below the $0.45 support level. Bearish confirmation comes from the MACD indicator, where the shrinking histogram reflects increasing sell-side pressure. Since March 2025, repeated failures to overcome key resistance levels have demonstrated waning market interest in the asset.
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