Key Insights:
- The daily chart reveals that if the Israel-Iran tension escalates and Pi Coin falls below a key level, a massive sell-off could follow.
- An expert noted that Pi Coin isn’t in a bullish or bearish trend — it’s in a stall.
Following Israel’s recent airstrike on Iran, the overall cryptocurrency market has taken a significant hit, with Pi Coin among the hardest-hit assets. According to reports, the attack was aimed at neutralizing Iran’s nuclear threat, but it escalated unexpectedly, triggering panic selling and a crash-like situation across the financial markets.
Amidst this, Pi Coin has lost key support levels, including its narrow consolidation range, and now appears poised for a substantial downside move.
Pi Coin Under Pressure
At press time, Pi Coin was trading near $0.52 and had registered a price dip of over 15% in the past 24 hours. This notable decline has caused uncertainty and led to a surge in trader and investor participation, resulting in a nearly 200% jump in trading volume compared to the previous day.
This notable surge in traders and trading volume, despite the significant price drop, indicates strong bearish momentum in the asset and further suggests panic selling, as investors rush to exit their positions amid growing fear.
Pi Network’s Technical Issues Fuel Negative Sentiment
Earlier, Pi Network faced technical issues as users reported missing tokens even after completing the KYC process and mainnet migration.
This poor experience caused frustration among users, with one stating, “Stop talking nonsense. I don’t want to hear it. Give me back that damn $Pi. I’ve worked hard for six years, and you still haven’t mapped it for me. What’s your reason for constantly delaying? Mapping is the right of every Pioneer. Hurry up and map it, Pi Network.”
And now, the ongoing Israel-Iran tension appears to be having a negative impact on Pi Coin’s price.
Given the current market conditions, Pi Coin has gone quiet, and not in a good way. The daily chart reveals that the asset has been in a downtrend for the past few weeks and has moved sideways over the last two weeks.
However, with the recent geopolitical tension, it has plummeted significantly, breaking down from its prolonged consolidation and reaching a critical make-or-break level.
Pi Coin Price Action and Technical Analysis
According to expert technical analysis, Pi Coin has reached a crucial support level at $0.55 after breaching the lower boundary of its consolidation range.
The daily chart indicates that if the Israel-Iran tension escalates and the price falls below this key support, a significant downside move could follow.
On the other hand, if market sentiment improves, there is a strong possibility that Pi Coin could either remain in a sideways trend or rally, depending on trader and investor interest.
As of now, the RSI (Relative Strength Index) is flat at 35.76, indicating low market momentum, neither oversold nor overbought. This signals indecision in the market: there’s no strong buying pressure, nor any significant selling spike. Just a quiet, sideways drift.
Meanwhile, Pi Coin is still trading below its 20-day Exponential Moving Average (EMA), a key trend indicator. This suggests that recent prices are weaker than the average, indicating a lack of buying interest. Unless market sentiment shifts, $Pi could remain stuck in its current range or drop further.
Expert Views and Forward Outlook
Given the current market structure, a crypto analyst shared a post on X (formerly Twitter) stating that Pi isn’t currently in a bullish or bearish trend — it’s in a stall. The post further noted, “Traders are waiting. Buyers are hesitant. And until something big shifts — news, volume, or a trend reversal — price action is likely to remain flat or lean bearish.”
The post highlights key zones, noting that a break below the $0.60 level could lead to a bearish continuation. Conversely, if Pi Coin reclaims the $0.65 level, a potential recovery might be possible. Until then, this remains a “wait-and-watch” zone — not a breakout setup.