- Pi Coin hits record low as selling pressure overwhelms market.
- Analyst urges patience, comparing Pi’s journey to Bitcoin’s past.
- Technical indicators show no clear sign of a price rebound.
Pi Coin has dropped to a new all-time low, sparking renewed panic across the community and raising questions about the token’s long-term potential. The token is now trading at $0.4031 after falling by 1.49 percent in the past 24 hours.
Based on data from OKX, the coin recorded a session low of $0.3972 before recovering slightly. Despite the minor bounce, the broader trend remains bearish as sellers continue to dominate the market.
Technical indicators reflect ongoing weakness. The Relative Strength Index (RSI) has dropped to 31.69, a sign of strong selling pressure and lack of momentum. Pi Coin also continues to trade along the lower Bollinger Band, which hovers around the $0.4000 mark.
In addition, the token remains firmly below the 20-day Simple Moving Average (SMA), currently at $0.4437. Attempts to break above this short-term resistance have failed, and the price has not reclaimed this level in more than a week.
Besides that, resistance continues to build at $0.4064, which is now acting as a ceiling in intraday trading. A drop below $0.3970 could open the door to further declines if sentiment fails to improve.
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Expert Urges Long-Term Patience Amid Market Decline
Amid growing frustration among early supporters, a recent comment from crypto analyst Dr. Altcoin has drawn attention. Responding to a user who questioned whether waiting another five years was realistic, he called for patience and long-term strategy.
According to Dr. Altcoin, the early days of Bitcoin and Ethereum saw similar patterns. Many investors exited too soon, only to watch both assets deliver massive returns over a five-year period. He noted that those who remained committed through volatility ultimately benefited the most.
He described Pi Coin’s current position as a potential accumulation opportunity. With the token now at its lowest trading range since launch, he encouraged supporters to plan ahead rather than act on emotion.
Dr. Altcoin advised the community to approach this phase with discipline and emphasized the importance of conducting independent research before making investment decisions.
As Pi Coin continues to slide and investors react to new lows, technical signals remain firmly negative. With key support levels under pressure, the focus has now shifted to whether the token can stabilize—or if more pain lies ahead.
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