Pi Coin Price Risks 34% Drop as It Nears Key Breakdown Zone

TLDR

Table of Contents

Pi Coin price is trading near $0.26, with resistance between $0.28 and $0.30 limiting further upside.
A breakdown below $0.20–$0.22 may trigger a 34% price fall based on chart structure.
Pi Coin’s RSI shows hidden bearish divergence, indicating weakening upward momentum.
A confirmed breakout above $0.30 could attract new buyers and maintain current uptrend.

Pi Coin price continues to hold its position among the top market movers, rising over 11% in the past month. While major cryptocurrencies such as Bitcoin and Ethereum recorded notable declines, Pi Coin posted a modest 2.24% gain in the last 24 hours. However, price charts now suggest that this strength may not last without continued momentum.

Bearish Pattern Develops Amid Strong Performance

According to a recent chart analysis, Pi Coin price is currently forming a head-and-shoulders pattern, often associated with potential downward reversals. The neckline of the structure lies near $0.21, and a daily close below this level could result in a projected 34% drop in price.

This pattern emerges even as Pi Coin trades around $0.26, maintaining its recent upward trend. Yet, for the price to stay bullish, it must break above the $0.29 mark, which represents the peak of the “head” formation. If this resistance is not surpassed, the risk of a breakdown remains elevated.

The Relative Strength Index (RSI), which tracks the strength of price movements, also presents a warning sign. Between November 20 and November 26, the RSI showed hidden bearish divergence. While the RSI made a higher high, the price made a lower high. This type of divergence suggests that selling pressure could return quickly.

Key Support and Resistance Levels Guide Market Direction

The price region between $0.28 and $0.30 is a key resistance zone that traders are monitoring. A daily close above $0.29 would cancel the bearish pattern and possibly allow Pi Coin to extend gains. But until such a breakout happens, any downward move could push the price toward lower supports.

Initial support lies near $0.23. If this level breaks, the next zone between $0.20 and $0.22 will come into focus. A close below this range confirms the bearish pattern and could drag Pi Coin toward $0.19 or lower.

A CoinMarketCap community post pointed out that Pi is navigating a clean structure, but failure at resistance could lead to a fall back to $0.18–$0.20. Rejection candles at the top of the range may serve as early confirmation for this move.

Regulatory Progress Adds Broader Context

Alongside market trends, regulatory developments may shape sentiment around Pi Coin. A user on platform X (formerly Twitter) shared that Pi Network has officially filed under the European Union’s MiCA framework. This filing positions the project for potential legal listings across European markets, especially after November 28, 2026.

Pi Network currently has over 60 million users, and the network operates using the Stellar Consensus Protocol, which improves scalability and speed. The filing could help boost investor confidence and increase trading activity if the token achieves broader compliance.

Upgrade News Supports Market Activity

Another factor influencing market behavior is the expected upgrade to the Pi Network ecosystem scheduled for November 28. According to updates from PiMigrate on X, the upgrade is expected to strengthen the project and improve user engagement.

Recent analysis from MoneyCheck indicates that anticipation around the upgrade contributed to a 6% rise in the PI price. The token’s market capitalization has also grown to $2.09 billion, with a 40% increase in daily trading volume, bringing it to $39.35 million.

Traders remain cautious as Pi Coin trades near a key resistance band. A successful breakout above $0.30, supported by strong volume, may fuel a continued rally. On the other hand, rejection near this level could bring the bearish chart pattern into play and lead to renewed selling pressure.