Pi Coin had a stable development in November when most major cryptocurrencies struggled. But this week, the situation changed. The token has fallen nearly 10% in the last seven days and more than 4% in the last day. The price went below an important level, showing a clear break on the daily chart. Many traders link this to a significant risk as the price could fall to a new low if selling pressure continues.
Many are now wondering if the chart can recover this time.
Pattern break opens the way for a new lowest level
Pi Coin fell below the support line at 0.219 USD. This concluded a classic head-and-shoulders pattern, which could mean that the trend is reversing to decline.
It is often assumed that the price will drop as much as the distance between the support line and the peak. This points to a potential decline of about 22.8%. Then Pi Coin could settle around 0.169 USD.
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This is important because Pi Coin's current lowest level is near 0.172 USD according to CoinGecko. A drop to 0.169 USD would therefore mean a new bottom. But two metrics can still help PI avoid this risk.
The sellers are strong, but buyers are still showing signs of life
Some signs of support from larger purchases are still present. One sign is visible in the money flow. Chaikin Money Flow (CMF), which shows how much big money is moving in or out, currently shows a small difference. Between December 9 and 11, the price dropped to a lower level, but CMF increased. This usually means that some buyers are acquiring more tokens when the price falls.
CMF has also broken above the short-term downtrend line but has not yet risen above the zero line. The zero line indicates when the money flow shifts from net selling to net buying. Pi Coin needs to see that shift to show strength.
Momentum shows a similar picture. The Relative Strength Index (RSI), which measures buying and selling pressure, has shown its own difference. Between November 4 and December 10, Pi made a higher bottom, but RSI fell to a lower level — a hidden positive divergence. This could mean that selling pressure is starting to decrease.
These early signals do not completely reverse the trend, but they show that sellers do not have full control.
Key Pi Coin price levels determine the future
Pi Coin is now trading near 0.208 USD. The key level is 0.192 USD. If the price goes below that, the path opens towards 0.169 USD — which is the target of the pattern — and then the chart will show a new bottom.
To recover, Pi Coin must first clear 0.233 USD. That level is above the right shoulder and indicates an early improvement. A real trend break only occurs if the price rises above 0.284 USD, which is the area above the pattern's peak.
Right now, Pi Coin is between downward pressure and early signs of support. The break points to a new bottom, but the differences in the indicators show that buyers are still active. The next step will be determined by whether the price holds the support at 0.192 USD or falls further down.