According to CoinGecko, PI has bled more than 7% in the past week and in the past 24 hours, the altcoin has mostly remained stagnant. At press time, PI trades at $0.2052, down more than 90% from its all-time high seen over ten months ago.
PI Price Analysis: A Shift Is Coming
The PI daily chart shows that the price action is moving within a long-term descending structure that has been in place for several months.
Lower highs continue to cap upside attempts, while price remains below a declining trendline that has repeatedly acted as resistance.
Source: TradingView
Recent candles show Pi testing support near the $0.19 to $0.20 zone, which is a short-term demand zone. So far, sellers have failed to push price decisively below this range, which is a good sign for buyers.
Interestingly, between November 4 and December 11, Pi formed a hidden bullish divergence on the daily chart. During this period, price created a higher low, while the Relative Strength Index printed a lower low.
This pattern commonly appears near the later stages of corrections rather than at the start.
While divergence alone does not confirm a trend reversal, it is another good sign for PI holders.
If Pi manages to hold above the $0.19 support area, a short term bounce toward the $0.26 to $0.30 zone becomes possible.
A stronger recovery would require a clean daily close above $0.30, which could open the door toward the $0.45 to $0.50 range in the months ahead.
On the other hand, a daily close below $0.19 would weaken the bullish divergence signal. In that case, Pi could slide toward the $0.17 area.
This Explosive Presale Is Bringing Solana Speed to Bitcoin – and Investors Are Rushing In
While Pi Coin struggles to hold key support, another project is capturing attention for all the right reasons.
Bitcoin Hyper ($HYPER) is creating a faster, cheaper, and more powerful version of Bitcoin by using the same tech that made Solana one of the fastest blockchains in crypto.
This means users will soon be able to trade, earn rewards, use apps, and even launch NFTs on Bitcoin, all with near-instant speed and low fees.
The presale is already gaining serious traction as more investors catch on to how big this could be.
The Hyper Bridge makes this possible by receiving BTC into a secure wallet and minting the same amount on Bitcoin Hyper’s Layer 2.
Once the tokens are on-chain, users can dive into DeFi apps, make fast, low-cost payments, and even create meme coins, all while staying backed by real Bitcoin.
This powerful combo is already drawing serious attention, and early buyers are locking in up to 39% in staking rewards just for getting in early.
But time is almost up.
The price increases in just 4 hours, and once it does, this entry point will be gone for good.
Here’s how to grab your $HYPER before the price jumps:
With momentum building fast, this could be one of the strongest early-stage plays of the entire cycle.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
