Well, well, well… Pi Coin investors, brace yourselves! October was supposed to be your month of glory, but the charts have other plans. After tumbling a grotesque 24% month-on-month, the Pi Coin price is clinging to $0.26 like a life raft in a storm.
Flat trading over the past week doesn’t inspire confidence, leaving only a sliver of hope between stability and yet another savage correction. Stay tuned!
The Market Chatter Goes Quiet-Perhaps It’s Too Quiet
As the world shifts its attention elsewhere, Pi Coin is becoming the financial equivalent of a forgotten backbencher. Mentions of Pi Coin in the market-what the so-called analysts call ‘social dominance’-have plummeted from a robust 0.234% on September 26 to a wimpy 0.07% by October 3.
Now, while that’s not exactly rock-bottom (not yet, anyway), it’s perilously close to the late-September levels that preceded a sharp and painful fall from grace.
This is the kind of pattern that doesn’t inspire optimism. Remember back on September 19? When social dominance plummeted, Pi Coin was sent tumbling from $0.36 to $0.26-faster than a college student during finals week. A similar fate followed September 14. With chatter drying up once more, the coin is looking very exposed to yet another round of selling pressure.
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Volume Signals-A Silent Killer
And then there’s the volume. Quiet markets typically signal trouble, and Pi Coin is no exception. The trading volume is starting to look suspiciously like a yellow warning light-indicating that the sellers might just be waking up. It’s called Wyckoff volume, a fancy way of measuring who’s slowly taking control-buyers or sellers. Spoiler: the sellers are creeping up.
In previous market rallies, the volume bars turned blue or green, signaling that buyers were back in the driver’s seat. But when the yellow or red bars persist, brace for impact-a deeper correction usually follows. As it stands, the yellow bars are painting a grim picture: buyers are on the retreat, while sellers get ready to feast.
Unless that volume turns around and starts showing strong buyer signals (you know, blue or green, instead of yellow and red), Pi Coin’s price will likely stay on the ropes. 🥊
The Make-Or-Break Support: Pi Coin’s Last Stand
Now, let’s look at the pièce de résistance-the 12-hour chart. Pi Coin is stuck in a descending triangle, a bearish setup where price makes lower highs while repeatedly testing the same support. If this sounds like a bad omen, it’s because it is.
The Relative Strength Index (RSI), which tracks the buying and selling strength, is showing a slight upward tick-while Pi Coin’s price stubbornly falls. This classic mismatch indicates that even as the momentum tries to recover, the sellers remain firmly in control.
If the $0.25 support gets obliterated, we could see a dramatic slide down to $0.22 and then $0.18-bringing a heart-stopping 30% drop into the picture. For the faint of heart, this might be a moment to step away. If you’re feeling brave (or reckless), the key support of $0.25 needs to hold. A bounce to $0.29 or even $0.32 might just be possible.
But here’s the thing: the fading chatter, the seller-tilted volume, and that ominous chart pattern are all pointing in the same direction. Unless $0.25 holds, brace for a swift and painful plunge.
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2025-10-03 10:50