Pi Coin Crashes 2.13% as Bears Target $0.40 Support Zone

• Pi Coin dropped 2.13% to $0.4510 and remains trapped below key resistance levels around $0.47-$0.48. 

• Technical indicators show strong bearish momentum, with RSI at 39.5 and the token trading below all major moving averages. 

• The cryptocurrency must hold above $0.44 support or face a potential decline toward $0.40 and lower targets.

Pi Coin continues its downward trajectory, trading at $0.4510, following a 2.13% daily decline. The cryptocurrency faces mounting pressure from sellers who have pushed the token below critical resistance levels, raising concerns about further downside potential.

Technical analysis reveals Pi Coin remains trapped within a descending wedge pattern on the 4-hour chart. The token struggles to break above the $0.47-$0.48 resistance band, previously acting as reliable support. Recent attempts to reclaim the $0.46 level have failed, with price action consistently rejecting higher moves.

The broader market structure shows significant weakness after Pi Coin collapsed from the $0.60 zone in June. This area has transformed into a major supply zone, creating substantial headwinds for any potential recovery. The current trading range near $0.44 represents the final defense level before a potential breakdown to lower support areas.

Technical Indicators Signal Continued Weakness

Multiple technical indicators reinforce the bearish outlook for Pi Coin. The MACD in the 30-minute timeframe displays a fading bearish crossover with a negative histogram, suggesting ongoing downside pressure. The Relative Strength Index is 39.5, well below the neutral 50 line, indicating weak momentum and limited buying interest.

The 4-hour chart presents an even more concerning picture. Pi Coin trades below all major exponential moving averages, including the 20, 50, 100, and 200 EMAs. These dynamic resistance levels continue to reject bullish advances, reinforcing the downtrend structure.

Bollinger Bands have expanded downward, signaling increased volatility and confirming the intensity of the current decline. The Supertrend indicator flipped bearish at $0.4775 and has remained red throughout July. The Directional Movement Index shows a rising negative directional indicator at 36.52 and a climbing ADX at 33.3, indicating strong trend momentum favoring sellers.

Critical Support Levels Under Pressure

The daily structure remains fragile as Pi Coin struggles to defend the $0.44-$0.45 liquidity zone. Volume analysis suggests minimal interest below current levels, potentially accelerating any breakdown if the $0.44 support fails to hold.

Smart Money Concepts analysis reveals Pi Coin broke its last bullish order block at $0.496, leaving a significant inefficiency gap between $0.48 and $0.52. Liquidity maps point toward the next demand area near $0.40, aligning with unfilled price gaps from May trading sessions.

The Volume Weighted Average Price on the 30-minute chart acts as dynamic resistance, with each retest resulting in swift rejection. This reinforces the short-term bearish structure and limits upside potential.

Price Outlook and Key Levels

Pi Coin must maintain the $0.44-$0.442 support zone to prevent a breakdown toward $0.40. A failure of this base could trigger further selling pressure, with the next target at $0.395, where previous break-of-structure levels and low-volume nodes converge.

Recovery prospects require reclaiming $0.465 as the initial step toward trend reversal. Additional upside targets include $0.48 and $0.50, though current technical conditions favor continued bearish pressure.