Oh, great, another crypto meltdown. Pi Coin’s price just took a nosedive to $0.2088, plummeting 2.61% in a day – that’s like losing your keys and wallet on the same day. Over seven days, it’s down a whopping 11.92%, and the market cap? Shrunk to $1.72 billion. Everybody loves following the crowd, right? Well, Pi’s not just tagging along; it’s practically sprinting ahead of the bear parade. 🙄
The hype machine around its DeFi testnet and DEX dropped faster than my enthusiasm for small talk at parties. Traders are suddenly playing it safe, freaked out by technical mumbo-jumbo and inflation ghosts haunting the charts. With chaos flying everywhere, everyone’s whispering: Will Pi hit rock bottom or pull a surprise comeback? Spoiler: Probably just more chaos. 😏
So, What’s Next for Pi Coin’s Price? Drama Alert!
Pi tried to break out above that stubborn $0.228 resistance – you know, the so-called “descending channel top” – but nope, it cratered to $0.209. Cue the alarm bells: technical signals lighting up like a bad traffic light. On the chart, the Fibonacci 78.6% retracement at $0.202 is winking at us, saying, “Hey, maybe consolidate sideways before the next freakout.” Classic. 🥴
Digging in, the RSI 14’s at 28.61 – oversold, but no bullish divergence in sight, meaning buyers are too busy binge-watching Netflix. MACD’s still negative with that snarky -0.00074 histogram, screaming, “Markets are in a bad mood!” Thanks, Captain Obvious. 😒
On the downside, immediate support’s at that psychological $0.20 level. If Pi punches through it, brace for a plunge to $0.18 – yeah, that June low calling like an ex you don’t want to hear from. Without a miracle catalyst, expect choppy turbulence and volatility that’ll make your stomach turn. Traders, stay strapped in; it’s a bumpy ride. 🎢
FAQs: Because We All Need Answers in This Circus
Why has Pi Coin dropped so much recently? Surprised?
Pi took a hit from profit-taking after the DeFi testnet buzz fizzled out faster than soda on a hot day. Add in supply concerns and bearish charts, and voila – another crypto flop show. 🎭
What are the major support and resistance levels to watch for Pi Coin now? Glue to the Charts!
Support’s clinging to $0.20, and if that fails, hello $0.18. Up top, resistance lurks at $0.228, the channel’s stubborn ceiling. Good luck. 😉
Is this a good time to buy Pi Coin? Dream On!
Signals are bearish, no quick fix in sight. Patience, grasshopper – or just grab popcorn and watch. 🍿
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2025-10-16 12:20