Pirrational pricePi

$PI How Pi Network Is the Future Cryptocurrency Pi Network is designed for future adoption and real-world transactions, including B2B and B2C use cases. Beyond being just another cryptocurrency, Pi is a true peer-to-peer digital currency. Many people are eager to convert Pi into USD or other local currencies, but they often fail to understand that Pi itself is intended to function as a currency in the future. As we can see, development is progressing well, with the core team actively working behind the scenes on adoption across major sectors such as gaming, trading, and commodity pricing. The prices we currently see are only IOU prices, not the real value of Pi. The true value will emerge with full ecosystem adoption. Until then, holding Pi and trusting the core team—along with strong community support—is key.

$PI Price: 0.2049 USDT (+4.12% in last 24h) 24h High/Low: 0.2088 / 0.1917 24h Volume: ~11M PI (relatively low for the move → thin liquidity) Bollinger Bands: Price touching the lower band earlier, now bouncing toward the middle (0.2018) Technical Analysis 1. Price Action & Structure Strong downtrend from ~0.223 to 0.1917 in the last 36-48h Sharp V-shaped recovery with a long lower wick → potential reversal or trap Current candle is a strong bullish 4h candle closing near the high (classic “bullish engulfing” feel on higher timeframe) Resistance overhead: 0.2088 (24h high), then 0.2140 (upper Bollinger + previous support) 2. Indicators ADX = 43.5 → trend was very strong to the downside, now losing strength (good for reversal setups) DI-: 24.5 vs DI+: still negative but narrowing fast RSI (14) not shown but price bounced from oversold territory (~30 zone) typical reversal area Volume: Spike on the green recovery candle → conviction buying 3. Key Levels Support zone: 0.1917–0.1933 (recent swing low + Bollinger lower band) Resistance zone: 0.2080–0.2104 (24h high + mid-Bollinger + 50% retrace) Next major resistance: 0.2140–0.2223 (previous range lows now resistance) Trade Setup (Aggressive Long – Reversal Play) Entry Triggers Spot/Coin-margined long (or 3-5x futures) Preferred entry: Pullback to 0.2000–0.2018 (mid-Bollinger + previous resistance-turned-support) with bullish 1h/4h candle confirmation Aggressive entry: Market buy now at ~0.2049 if you believe the low is in (higher risk) Targets TP1: 0.2088–0.2100 (24h high) → +3–4% TP2: 0.2140 → +5–6% TP3: 0.2223 (full 100% retrace) → +8–9% (stretch target) Stop Loss Tight: Below 0.1970 (~4% below entry) Safer: Below swing low 0.1910 (~7% risk) — invalidates the reversal Risk-Reward Conservative entry at 0.2010 → SL 0.1930 (4% risk) → TP1 0.2100 = 1:1.1, TP2 0.2140 = 1:1.6, TP3 0.2223 = 1:2.6+ Very favorable if the 0.1917 low holds Alternate Scenario (Bear Trap → Continuation) If 0.1917 breaks with volume → this whole bounce is a dead-cat bounce. Next targets 0.175–0.160 (measured move). In that case, short the breakdown or wait for retest of 0.200 as resistance. Verdict & Recommendation Current setup leans bullish short-term. The sharp volume spike on the reversal candle + ADX rolling over + bounce from oversold makes this a decent risk/reward long with clear invalidation below 0.1917. My Plan (what I would personally do today): 50% position long at 0.2010–0.2020 on pullback Add another 50% if 0.2088 breaks cleanly Stop below 0.1910 Take 50% profit at 0.2140, move stop to breakeven, ride the rest Good luck — PI is thin and volatile, size accordingly (1–3% risk max).

Pi Coin has plummeted by approximately 32% since late November, firmly establishing a "falling knife" pattern as the selloff continues without a clear base. Technical indicators confirm that bears remain in full control, trading below all major Exponential Moving Averages (EMAs). While some retail buying is visible on lower timeframes, the overall market structure shows that big capital outflows persist, setting the stage for a potential acceleration toward new all-time lows. I. Technicals Confirm Unrelenting Bearish Control The price action and momentum indicators reinforce the high-risk nature of the current drop: Falling Knife Confirmed: Pi Coin trades below all major EMAs, indicating that the overall trend is decisively bearish. Every rebound attempt has failed below these trend indicators. Momentum Exhaustion: The Bull Bear Power (BBP) indicator remains deep in negative territory and continues to expand lower since December 1st. This signals that bears are in full control and buyers have yet to mount any sustained pushback. II. Retail vs. Big Money Divergence A key feature of the "falling knife" is the mismatch between smaller buyer activity and large capital flow: Retail Dip-Buying: The Money Flow Index (MFI) on the 12-hour chart shows a divergence (price making lower lows, MFI making higher lows). This suggests that retail traders and short-term speculators are attempting to buy the dip. Capital Outflows Persist: Despite this retail interest, the Chaikin Money Flow (CMF) remains below the zero line, confirming that net capital is still leaving the asset. Large holders remain cautious and continue to dump Pi Coin as the correction deepens, preventing a meaningful reversal. III. Short-Term Outlook and Downside Risk Pi Coin is currently resting on thin support, with a clear path defined for both collapse and relief: Critical Support: The immediate support sits at $0.187. A break below this level would exacerbate selling pressure. New Low Risk: A clean daily close below $0.174 (the current all-time low) is the major downside risk. According to trend-based Fibonacci extensions, a breach could quickly accelerate the slide toward the next major target at $0.130, marking a fresh all-time low. Relief Zone: For any meaningful relief, Pi Coin must reclaim $0.213. A 12-hour close above this level would ease bearish pressure and challenge the "falling knife" setup. ⚠️ Important Disclaimer This analysis is for informational and educational purposes only and is based on analyst commentary, technical patterns, and on-chain metrics. It is not financial advice, nor should it be construed as a recommendation to buy, sell, or hold any security or cryptocurrency. The cryptocurrency market is highly speculative, volatile, and subject to external factors. Readers must conduct their own comprehensive research (DYOR) and consult with a qualified financial advisor before making any investment decisions.

Will pi pull the market with it's millions of holders..?