Paicine Despite the wider cryptocurrency market experiencing unprecedented profits, its relentless decline continued, with Bitcoin reaching a new high of $118,000 and Ethereum defeating $3,000.
Tokens that once attracted millions of followers are now traded $0.465It’s dangerously close to its lowest ever $0.400.
Even the recent PI2Day celebrations have failed to inject momentum into the struggling Altcoin, which has suffered a devastating 26.4% decline in the last two weeks.
Technical indicators draw more and more bearish pictures for PI networks. Cryptocurrency established a negative correlation of -0.27 with Bitcoin. In other words, it moves in the opposite direction from the market leader.
Technical Outlook: PI Networks are Still Bearish – But Breakouts Can Turn the Script Overturn
The PI network remains locked into solid downtrends and trades within descending channels that define price action since the peak after launch.
Each rally attempt fails at the channel limit and reinforces it as a strong zone of resistance.
Volume profiles show boring participation, with volumes decreasing across the downtrend, suggesting that buyer convictions remain low.
Nevertheless, the RSI rose to 55.46. This is a neutral but improved signal that could indicate that momentum is beginning to change.
The current setup remains bearish, but a confirmed breakout on the downward channel can cause a sharp reversal.
In that scenario, PI could target key resistance levels at $0.98, $1.38, and $1.67, as there is a possibility of sustained recovery if bullish momentum is built.
The best wallets offer excellent value in the current market situation
Pi Coin is struggling to reduce momentum, The best wallet It is quickly emerging as a smarter alternative for investors looking for utility and growth.
The latest update adds full Bitcoin support and multi-chain capabilities, making it a strong contender in the current market rally.
$ Best Token is unlocked and there are reduced fees, pre-sale access, airdrops and staking rewards, but users can also earn money by completing quests and exploring GameFi.
Best Wallet offers top-notch security, a fiat on/off ramp, and upcoming features such as crypto debit cards and portfolio tools.
It’s an outstanding feature “Future Tokens” This allows users to discover new cryptographic projects before reaching the open market.
With real utilities and a growing ecosystem, $Best is one of the most promising pre-sales to watch now.
For more information, please see the official Best Wallet website here.
Post PI Coin Price Prediction: Crash to an All-Time Low – Will PI be $0? It first appeared on Cryptonews.
