Pi Coin Price Faces 30% Crash Risk As Bearish Patterns Clash With A Key Support

Core Insights - Pi Coin is experiencing a significant decline, with a nearly 24% drop month-on-month, currently trading around $0.26 [1] - Social dominance, a measure of market attention, has decreased from 0.234% on September 26 to 0.07% by October 3, indicating reduced trader interest [2] - The price is in a bearish descending triangle pattern, suggesting potential further declines if key support levels are breached [6] Price and Market Activity - The trading volume for Pi Coin is showing signs of weakness, with yellow bars indicating that sellers are gaining control over buyers [4][5] - Historical patterns suggest that when social dominance hits local lows, the price tends to drop significantly, as seen in previous declines [3] Support and Resistance Levels - The critical support level is at $0.25; if this level is broken, the price could fall to $0.22 and potentially to $0.18, representing a nearly 30% decline [7] - For a bullish reversal, reclaiming the $0.27 level is essential, which could lead to a short-term bounce to $0.29 and $0.32 [7]