Pi Coin Price at Risk As Whale Profit-Taking Soars — Is Another Crash Coming?
The post Pi Coin Price at Risk As Whale Profit-Taking Soars — Is Another Crash Coming? appeared on BitcoinEthereumNews.com. Pi Coin price trades at $0.419 today, July 31, with a 1.54% drop in 24 hours. PI is now facing another 23% crash because whales are selling close to a price believed to be a magnet for buyers. Amid this sale, a 23% crash is now lurking. Pi Coin Price Risks 23% Crash in Head and Shoulders Pattern Pi Coin might crash to a new low because of a head-and-shoulders pattern. When this happens, it means that bears are about to have control. The two shoulders and the head have a slanting resistance line. What this means is that the price is creating lower highs. The height from the top of the head to the support is a 23% drop. In that case, moving below $0.419 might force the Pi Coin price to reach $0.32. Here, the Pi Network price will be at its lowest price since it was first launched in February 2025. Some buyers might be trying to salvage the situation. The last green candle formed just as the price touched $0.41. In that case, there might be some traders filling their bags, looking forward to the integration of Pi Network on Onramp Money in the coming weeks. This green candle might also be from some traders who believe a demand area that has played out in the past is going to do so again. This stems from the fact that each time the Pi Network price neared a low, new traders started to buy. However, when you look at the RSI that sits with its value of 35, there is no chance of this happening any time soon. PI/USDT: 1-day Chart (Source: TradingView) Whale Dumps PI as Analyst Identifies Key Issues One whale seems to have given up on Pi Coin price. According to Piscan data, they…
The post Pi Coin Price at Risk As Whale Profit-Taking Soars — Is Another Crash Coming? appeared on BitcoinEthereumNews.com.
Pi Coin price trades at $0.419 today, July 31, with a 1.54% drop in 24 hours. PI is now facing another 23% crash because whales are selling close to a price believed to be a magnet for buyers. Amid this sale, a 23% crash is now lurking. Pi Coin Price Risks 23% Crash in Head and Shoulders Pattern Pi Coin might crash to a new low because of a head-and-shoulders pattern. When this happens, it means that bears are about to have control. The two shoulders and the head have a slanting resistance line. What this means is that the price is creating lower highs. The height from the top of the head to the support is a 23% drop. In that case, moving below $0.419 might force the Pi Coin price to reach $0.32. Here, the Pi Network price will be at its lowest price since it was first launched in February 2025. Some buyers might be trying to salvage the situation. The last green candle formed just as the price touched $0.41. In that case, there might be some traders filling their bags, looking forward to the integration of Pi Network on Onramp Money in the coming weeks. This green candle might also be from some traders who believe a demand area that has played out in the past is going to do so again. This stems from the fact that each time the Pi Network price neared a low, new traders started to buy. However, when you look at the RSI that sits with its value of 35, there is no chance of this happening any time soon. PI/USDT: 1-day Chart (Source: TradingView) Whale Dumps PI as Analyst Identifies Key Issues One whale seems to have given up on Pi Coin price. According to Piscan data, they…
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