📉 Will the bulls be able to retain the $50 mark for the PI coin? Let's dive into the analysis and see what the charts are telling us. 📊💡

It's been a turbulent ride for PI coin, with a selloff from the strong resistance at $100 and a subsequent fall below the $50 support zone. 😬 The trend is bearish, and further short additions could lead to a correction in the near future.

Currently trading at $38 with an intraday gain of 4.53%, PI coin reflects bearishness on the charts, with a monthly return ratio of -27.70% and a yearly gain of 53.90%. Analysts remain neutral, suggesting that the coin may retest the demand zone of $25 soon. 📉💰

The daily timeframe shows massive volatility, with sharp pump-and-dump activity leading to fluctuations in recent weeks. Despite a gigantic up move of over 238% in early March 2024, bulls struggled to maintain gains, resulting in an 80% slippage. However, the coin still hovers above the midline and has potential to retain the $50 mark. 📈💥

Technical indicators favor the bear army, with most signals reflecting a sell sentiment. While some indicators remain neutral and a few signal a buy, overall the trend is undecided. Buyers must hold the $50 mark and sustain above the 20-day EMA to fend off bearish pressure. 🐻📉

With the PI coin trading above the 23.6% Fib retracement zone but below the mid bollinger band, seller dominance is evident. It's a critical time for investors to stay vigilant and monitor key levels to navigate the market successfully. 💼🔍

Stay tuned for further developments and keep an eye on those crucial support and resistance levels! 🚀🔮 #PICoin #CryptoAnalysis #BullVsBear 📉🐂🐻

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