Pi Coin Price Slump Continues as Bears Take Control

Pi Coin’s price took a substantial hit yesterday, dropping below the $0.62-$0.65 support zone after falling more than 9%. This drop pushed prices below the previously anticipated bounce area, leaving many investors wondering whether $0.58 will hold as support. While some short-term buyers may emerge, overall technical indicators are pointing to a bearish trend. Most indicators have flashing sell signals, suggesting a market leaning towards further declines.