Pi Coin Price Analysis: Bearish Pressure Looms as Support Holds

Pi Coin (PI) continues its downward trend, struggling to break through the $0.58 mark. While support near $0.56 has held for the past month, signs of weakening resilience are emerging. Recent chart patterns, including a descending triangle, suggest a bearish continuation is likely. 4-hour chart analysis indicates at least five bounces have occurred in recent weeks, but these rebounds are losing their strength, indicating a potential turn in momentum. The RSI and Stochastic Oscillator also signal waning buying pressure.