{"id":18170,"date":"2025-12-17T13:04:05","date_gmt":"2025-12-17T13:04:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pi-coin-price-forms-bearish-setup-as-it-approaches-key-support-level-will-it-crash\/"},"modified":"2025-12-17T13:04:10","modified_gmt":"2025-12-17T13:04:10","slug":"pi-coin-price-forms-bearish-setup-as-it-approaches-key-support-level-will-it-crash","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pi-coin-price-forms-bearish-setup-as-it-approaches-key-support-level-will-it-crash\/","title":{"rendered":"Pi coin price forms bearish setup as it approaches key support level, will it crash?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Pi coin price is showing signs of an impending crash as it hovers near a potential breakdown zone.<\/p>\n<div id=\"cn-block-summary-block_ff98ed1e447987a8e07792f44cdc49b7\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Pi coin price is down over 26% since its November high.<\/li>\n<li>The lack of buyer interest and a looming token unlock are keeping price action capped.<\/li>\n<li>A bearish double-top pattern has formed on the 4-hour chart.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Pi Network (PI) was trading at $0.20 on Wednesday, afternoon Asian time, down 26% from its November high and 93.2% from its year-to-date high of $2.99 reached in February.<\/p>\n<p>Pi coin price has been in a strong downtrend as whale buying has continued to diminish, accompanied by a significant drop in trading activity on the Pi network over the past few months. Data from CoinGecko shows that trading volume for the token stood at around $22 million, down from over $2.5 billion seen earlier in February.<\/p>\n<p>Waning whale interest and shrinking volume, when taken together, signal a clear lack of investor confidence, which has most likely led many market participants to rotate away from the token.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Pi coin is also under pressure as more tokens are being unlocked periodically, increasing the circulating supply and diluting existing holdings. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/piscan.io\/unlock-statistics-monthly\" target=\"_blank\" rel=\"nofollow\">Data<\/a> from Piscan shows that the network is set to unlock nearly 105 million tokens by the end of December and over 1.22 billion tokens throughout 2026.<\/p>\n<p>Such a surge in the amount of circulating tokens, occurring alongside a decline in trading volume and market demand, risks significant dilution. If buying interest remains weak, this imbalance may continue to push prices downwards.<\/p>\n<h1 class=\"wp-block-heading\">Pi coin price analysis<\/h1>\n<p>On the 4-hour chart, Pi coin price has dropped below the neckline of a double top pattern that had been forming since late October this year. In technical analysis, this pattern is considered highly bearish and often serves as a precursor to further downside, at least in the short term.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">PI price forms a double-top pattern on the 4-hour chart \u2014 Dec. 17 | Source: crypto.news<\/figcaption><\/figure>\n<p>Subsequently, the 50-day simple moving average has crossed below the 200-day one, forming what is known as a death cross on the chart, a telltale sign that bears have largely taken control over the market.<\/p>\n<p>For now, the $0.192-$0.196 levels act as the most important support zone to watch. It has been a key zone where buyers have stepped in multiple times over the past few months to defend against further losses.<br \/>If this support fails to hold, it could potentially open doors for a drop towards the $0.15 low, a level last seen during the October selloff. At press time, that level stands roughly 25% below the current price level.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pi coin price is showing signs of an impending crash as it hovers near a potential breakdown zone. Summary Pi coin price is down over 26% since its November high.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":18171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=18170"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18170\/revisions"}],"predecessor-version":[{"id":18172,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18170\/revisions\/18172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/18171"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=18170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=18170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=18170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}