PI Coin Nears Historic Lows as Technical Patterns Hint at Potential Reversal

PI Coin's valuation continues its downward trajectory, shedding 7.4% to $0.354 as bearish momentum dominates market sentiment. The breach below the crucial $0.362 support level marks a concerning development for holders, with technical indicators suggesting further downside potential before stabilization.

Market technicians note the emerging falling wedge pattern—a classic reversal formation that often precedes bullish breakouts. While current RSI readings at 30.2 haven't yet entered oversold territory, the approaching MACD crossover warns of intensified selling pressure that could test the $0.322 historic low.

The project's future trajectory hinges on two critical catalysts: exchange listings on major platforms and strategic token burns. These fundamental developments could override current technical weakness, particularly if implemented during periods of market-wide cryptocurrency rallies.