Pi Coin continues its relentless decline despite the broader cryptocurrency market experiencing unprecedented gains, with Bitcoin reaching new highs of $118,000 and Ethereum breaking $3,000.
The token that once attracted millions of followers now trades at $0.465, dangerously close to its all-time low of $0.400.
Even the recent Pi2Day celebration failed to inject momentum into the struggling altcoin, which has suffered a devastating 26.4% decline over the past two weeks.
The technical indicators paint an increasingly bearish picture for Pi Network. The cryptocurrency has established a negative correlation of -0.27 with Bitcoin, meaning it moves in the opposite direction to the market leader.
Technical Outlook: Pi Network Still Bearish – But a Breakout Could Flip the Script
Pi Network remains locked in a firm downtrend, trading within a descending channel that has defined price action since its post-launch peak.
Each rally attempt has failed at the upper boundary of the channel, reinforcing it as a strong resistance zone.
The volume profile also shows muted participation, with declining volume throughout the downtrend, suggesting that buyer conviction remains low.
Despite that, the RSI has climbed to 55.46 – a neutral but improving signal that could indicate momentum is starting to shift.
While the current setup still leans bearish, a confirmed breakout above the descending channel could trigger a sharp reversal.
In that scenario, PI could target key resistance levels at $0.98, $1.38, and $1.67 – with the potential for a sustained recovery if bullish momentum builds.
Best Wallet Offers Superior Value in Current Market Conditions
While Pi Coin struggles with declining momentum, Best Wallet is quickly emerging as a smarter alternative for investors seeking utility and growth.
Its latest update added full Bitcoin support and multi-chain functionality, making it a strong contender in the current market rally.
The $BEST token unlocks reduced fees, presale access, airdrops, and staking rewards, while users can also earn by completing quests and exploring GameFi.
Best Wallet offers top-tier security, fiat on/off ramps, and upcoming features like a crypto debit card and portfolio tools.
A standout feature is “Upcoming Tokens,” which lets users discover new crypto projects before they hit the public market.
With real utility and a growing ecosystem, $BEST is one of the most promising presales to watch right now.
To find out more, you can visit the official Best Wallet website here.
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