Pi Coin Price Prediction: Dropping to All-Time Lows – Will PI Go to 0?

Pi Coin continues to fall continuously despite the crypto market as a whole witnessing unprecedented growth, with Bitcoin reaching a new high of 118,000 dollars and Ethereum surpassing 3,000 dollars. The token that once attracted millions of followers is now trading at $0.465, close to its all-time low of $0.400. Even the recent Pi2Day celebration could not create momentum for this struggling altcoin, which has fallen sharply by 26.4% in the past two weeks. Technical indicators show an increasingly pessimistic picture for Pi Network. This cryptocurrency has established a negative correlation of -0.27 with Bitcoin, meaning it is moving in the opposite direction to the leading coin in the market. Technical outlook: Pi Network remains pessimistic – But a breakthrough could turn the tide. Pi Network is still stuck in a strong downtrend, trading within a defined descending channel that has dictated price action since the peak after its launch. Every attempt to rise has failed at the upper boundary of the channel, reinforcing it as a strong resistance area.

The volume chart also shows weak participation, with volume gradually falling throughout the downtrend, indicating that buyer confidence remains low. However, the RSI index has risen to 55.46 – a neutral but improving signal, indicating that momentum is beginning to change. Although the current setup still shows a downtrend, a confirmed breakout on the descending channel could trigger a strong reversal. In that scenario, PI could target important resistance levels of $0.98, $1.38, and $1.67 – with the potential for sustainable recovery if the upward momentum is built.