The post PI Coin Price Analysis: 4 M+ Votes Can’t Stop Death Cross? appeared first on Coinpedia Fintech News
Pi, with over 4 million votes, has been crowned as the most bullish crypto in the top 100 on CoinMarketCap. However, opinions remain sharply divided on Pi’s actual potential. While some market participants view it as a profitable short-term asset ripe for trading opportunities. Others see it as a long-term project still in development, with utility and adoption yet to fully come into effect. In this article, we take you through an analyst’s views and derive a short-term Pi coin price analysis.
Technical Signals Remain Bearish?
In an X post, Pi Barter Mall highlights that Pi Coin is showing multiple bearish patterns that are now hard to ignore. The most evident one is the formation of a “death cross”, which is distinguished by a crossover between SMAs and the MACD indicator trending downward. The post highlights that this bearish alignment is further assisted by the positioning of the MA5, MA10, and MA30, which collectively indicate short-selling dominance.
The MACD histogram continues to show expanding red bars following the death cross, which highlights that the downtrend has not exhausted yet. Moreover, the KDJ indicator also presents a bearish signal. The analyst further mentions that, as of now, there is no technical signal indicating signs of stabilization, and the possibility of a V-shaped reversal before June 28 is weak.
Pi Coin Price Analysis:
At the time of press, Pi Coin price is at ~$0.7457, with a daily loss of about 4.69%. Despite this short-term drop, the 7-day gain stays at 1.82%. While the price went south, the 24-hour trading volume has surged by 39.13%, reaching $125.3 million. The market cap has also risen to $5.38 billion, an increase of 4.84%.
Pi coin’s price action on the 4-hour chart shows consolidation below the 9-period SMA, which is currently at $0.7660 and acting as immediate resistance. The RSI stands at 39.03, indicating weakening bullish momentum. In the short term, the key resistance lies at $0.833, a break above which could lead to renewed bullish sentiment. On the downside, critical support is at $0.6888; a break below this level could trigger a steeper decline, potentially erasing recent gains.
Read our Pi Network (PI) Price Prediction 2025, 2026-2030 to find out if Pi is a good investment for the long term!
FAQs
Pi Coin currently faces multiple bearish technical indicators, making it a risky short-term play.
The Pi coin price today is at $0.7444 with an intraday loss of 4.69%.
This week, traders should monitor key support at $0.6888 and resistance at $0.833.
