Pi Coin Hits New All-Time Low Amid Market Decline: Is a Rebound Possible?

Pi Coin has experienced a significant price drop to its new all-time low of $0.5376, marking a 14% decline in the past 24 hours. Analysts attribute this volatility to broader market pressures and high trading volume. While technical indicators show bearish momentum, with key resistance at $0.7494, there’s potential for a rebound toward $0.8312 if it breaks through the current resistance point. The Pi price drop has not affected its high market capitalization of $3.69 billion or trading volume of $475 million. However, investors are faced with a critical juncture to assess Pi’s market stability following this recent downturn.