Pi Coin’s Support Levels Are Breaking – Where’s the Next Stop?
Recently, Pi Coin (PI/USDT) has been experiencing a sharp decline, breaking below key support levels. With Bitcoin (BTC) stabilizing above $86,000, Pi Coin continues to struggle, testing lower support zones. The critical question now is whether Pi Coin will find strong support soon or continue its downward trajectory.
Major Support Levels for Pi Coin
Pi Coin has officially broken its previous support level of $1.80 and has now dropped to $1.7430. Based on market data, here’s a look at the next critical support levels:
- $1.75 Support Zone – First Reaction Point
- Currently, the price is hovering around $1.75, a psychological support level.
- If buying pressure increases, we could see a short-term bounce back to $1.80 – $1.90.
- If this level fails, expect a deeper correction.
- $1.60 – $1.65 (VPVR Major Volume Zone)
- The POC (Point of Control) on the VPVR is at $1.5071, meaning this level has historically had high trading activity.
- If Pi Coin reaches this zone, it may either find support and bounce or face increased selling pressure leading to further decline.
- $1.55 – $1.60 (200 EMA – Critical Level)
- If $1.60 fails, the next target would be the $1.55 – $1.60 region, where the 200 EMA is currently positioned.
- A breakdown of this level could confirm a long-term bearish trend, increasing the likelihood of further drops.
- $1.40 – $1.30 (Final Support Zone)
- If all the key support zones fail, Pi Coin could drop to the $1.40 – $1.30 range.
- This would indicate a major downtrend, possibly triggering panic selling.
Current Trading Position & Future Buy Plans
Current Position:
- Entry Price: $1.80
- Current Market Price: $1.7430
- Leverage: 5x
- Current Unrealized P&L: Negative but monitoring support levels
2nd Buy Plan (DCA Strategy)
- Buy Level: $1.551
- Reason: This level aligns with VPVR strong support and 200 EMA region.
- Expected Reaction: If Pi Coin finds support here, a potential rebound to $1.75 – $1.80 is possible.
3rd Buy Plan (Deeper Correction Hedge)
- Buy Level: $1.40
- Reason: If all higher supports fail, this zone might act as the last defense before significant downside risk.
- Risk Management: Stop-loss consideration below $1.30 in case of extended downtrend.
Potential Bounce or Further Decline?
The next 24-48 hours will be crucial in determining Pi Coin’s short-term trajectory. Here’s what to watch for:
- If $1.75 Holds:
- A possible bounce toward $1.80 – $1.90 could occur.
- However, buying volume needs to increase significantly for the rally to be sustained.
- If $1.75 Fails & $1.60 is Tested:
- Look for a possible reaction at the VPVR’s key level of $1.5071.
- If buyers step in, we might see a reversal; otherwise, a drop to $1.50 – $1.40 is likely.
- Watch Bitcoin (BTC) for Market Sentiment:
- BTC’s movement above $86,000 is keeping the market stable.
- If BTC starts to decline again, Pi Coin could face additional downward pressure.
Final Strategy for Traders
- If entering long positions: Wait for clear signs of support at $1.75 or $1.60.
- If shorting the market: A breakdown of $1.60 could lead to a target of $1.40 – $1.30.
- Monitor BTC movements: If Bitcoin drops below $85,000, expect Pi Coin to follow.
Stay updated with market trends and trade wisely!
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