Pi Coin Price Analysis: Bullish Reversal Potential in Doubt?

Pi Coin’s price has experienced a significant decline, dropping by another 35% since breaking below the key support level at around $0.72. This follows weeks of declining price trends. The continuous red candlesticks following this breakdown suggest persistent selling pressure, with today seeing a drop of 30% from yesterday’s closing price. However, early signs of a bull reversal are emerging, as buyers attempt to push the price upwards. 4-hour session data shows a positive movement, with the price trading higher than its last closing session. If this momentum continues and PI manages to trade above today’s opening price of around $0.52, we might witness a bullish reversal pattern forming. 4-hour session data suggests that the bulls are battling against bears.