Pi Coin Price in Limbo — Is A Breakdown or a Bounce Back Ahead?

Core Insights - Pi Coin is experiencing a prolonged period of sideways price action, indicating growing trouble for the altcoin as investor sentiment turns bearish [1] - The weighted sentiment for Pi Coin has dipped significantly below the neutral line, reflecting deep pessimism among market participants [2] - The macro momentum for Pi Coin remains firmly bearish, with the Relative Strength Index (RSI) indicating oversold conditions [4][5] Price Action and Support Levels - Currently, Pi Coin is priced at $0.203, maintaining its position above the crucial $0.200 support for the past two weeks, showing some resilience despite bearish pressure [6] - If bearish sentiment deepens, Pi Coin may break below the $0.200 level, potentially dragging the price down to the $0.180 support level, which is close to its all-time low of $0.153 [7] - Conversely, if Pi Coin rebounds from the $0.200 base, it could target a move toward $0.229, which would invalidate the current bearish setup [8]