Pi Coin (PI) fell more than 3 percent today to $0.216, continuing its slow and frustrating downtrend. Even with a huge global community and growing talk about real utility, the token is still stuck in a tight range with no strong breakout yet.
Experts say Pi is trading inside a small right-shoulder pattern, which usually builds pressure before a bigger move. Right now, the price is sitting just below a key breakout zone, stopping any real rally from forming.
The first resistance sits between $0.245 and $0.255, where sellers keep stepping in. Above that, the main neckline is at $0.29 to $0.30. A clean move above this area would finally signal a shift in momentum.
Below the price, support around $0.215 to $0.220 has held for days. If that level breaks, traders are watching $0.19 next. The major swing low remains $0.152, which would invalidate the current structure if hit.
Despite the recent weakness, analysts still see potential for a bullish reversal. For that to happen, Pi must stay above $0.22, break through the first resistance zone, and reclaim the neckline at $0.29 to $0.30.
If it truly clears that barrier, the next targets become $0.33 and $0.36, as price usually moves quickly above the neckline. But if Pi drops below $0.21, the bears take back control.
Over the past week, Pi Coin has struggled to attract new buyers. With crypto sentiment weakening and trading activity fading, PI has slipped into a quiet phase. Volatility is low, but pressure continues to build as the market waits for a catalyst.
While the price stays flat, the Pi ecosystem grabbed attention today after Stellar highlighted the potential of Pi’s massive community. Stellar said more than 60 million Pi users are “sitting at the edge of real crypto utility,” suggesting they could soon transition into active use cases on the Stellar network.
Stellar explained that Pi users could eventually join DeFi, explore real-world assets, and participate in real crypto applications for the first time. A new onboarding model aims to help Pi’s passive miners become active contributors across the Stellar ecosystem. Stellar called it a quiet shift, but a powerful one.
Pi is now squeezed tightly under a major neckline, and a decisive move is getting close. A breakout above $0.30 would give bulls strong momentum, while a fall below $0.21 would shift the entire pattern in favor of the bear
