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The price of Picoin stabilized in November when most of the big tokens faced difficulties. But the atmosphere has changed this week. The token is down almost 10% in the last seven days and more than 4% in the last 24 hours. A movement below a key level confirmed a clear break in the daily pattern, which many traders could associate with the risk of “judgment” because it could push the price towards a new all-time low if the sale continues.
The main question now is whether the chart can recover this time.
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The breakdown of the pattern opens the way to a new low
Falling coin Below the neck near $0.219, a standard head and shoulders pattern is complete, indicating a possible bearish reversal.
The negative protrusion usually comes from the distance between the neck and the head. This forecast indicates a potential decline of about 22.8%, which puts Pi Coin near $0.169.
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This is important because the lowest price for Picoin is close to 0.172 $ per Gecko coinso a move towards $0.169 would create a new low. But there are two metrics that can still help a PI avoid pitfalls.
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Sellers are strong, but buyers are still showing signs of life
There are also signs of support from major buyers. A sign comes from the flow of money. Chaikin Money Flow (CMF), which tracks how much money is in or out, shows little difference. Between December 9 and 11, the price made a lower low, but the CMF indicator continued the upward trend. This usually indicates that some buyers are absorbing dips.
The CMF has also broken the short-term trend, but has not yet crossed the zero line. The zero line is where the flow of funds goes from net selling to net buying. Bcoin needs it This change is about asserting power.
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Momentum shows a similar picture. The Relative Strength Index (RSI), which measures buying pressure and selling pressure, has formed its fork. Between November 4 and December 10, the PI made a higher low, but the RSI made a lower low – a subtle bullish divergence. This may mean that selling pressure is beginning to weaken.
These early signs do not reflect a collapse, but show that sellers do not have complete control.
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Major Picoin price levels determine the fate
Pi currency price It is trading near $0.208 at the time of writing. The most important line is $0.192. A break below would open the way towards $0.169 – the target pattern – and hold a new chart low.
To redeem, you must first redeem $0.233 Pi Coin. This level is located above the right shoulder and shows a first improvement. A complete trend reversal occurs only if the price moves above $0.284, which is the area above the top of the pattern.
Currently, Paycoin is between the pressure and the first support signals. The breakout marks a new low, but the divergences show that buyers are still active. The next move depends on whether the price holds the $0.192 support or succumbs to the downtrend.
