Pi Coin investors may be hoping for a rebound in October, but the chart suggests that it is not. After nearly 24% slipping per month, the PI coin price is still close to $0.26.
Flat trading over the past week is mostly strong, leaving key support remaining between stability and another sharp correction.
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Market chatter is declining and suggests weakness
Pi Coin starts in October and receives less attention from traders. The market-wide mention, what analysts call social domination, fell from 0.234% on September 26th to just 0.07% on October 3rd.
Although not the lowest of the month, it was close to the level in late September when it marked a turning point before its sudden decline.
This pattern has been unfolded previously. When control reached local lows on September 19th, PI coin prices fell from $0.36 to $0.26 within days. A similar reaction follows the 14th September dip. As the chatter is drying out again, the coin appears to be under another round of sales pressure.
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The volume signal reflects the same story
Quiet markets usually show up in trading volumes, and Pi Coin is no exception. Recent activities are flashing yellow on the Wyckoff volume. This is a type of volume spread analysis that emphasizes whether the buyer or seller is slowly in control.
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Past meetings have shifted the bar to blue or green, indicating that buyers are regaining strength. However, the expanded yellow or red phases are mostly arranged with deeper corrections.
Now, the yellow bar confirms what social domination already suggests. Buyers are losing the ground and sellers are beginning to push harder. Unless the volume is back to a stronger buyer signal (from blue to green shift), the price of the PI coin will remain weak.
Make-or Break Support PI Coin Price
A 12-hour chart links these signals together. The Pi Coin is moving through a descending triangle. This is a bearish setup that keeps prices high while testing the same support. Momentum doesn’t help either.
The relative strength index (RSI), which tracks trading strength, has been higher while prices are lower. This mismatch shows that even if momentum is attempted to recover, the seller will continue to control it.
If $0.25 is damaged, the price could immediately slide to $0.22 and then $0.18, dropping by nearly 30%. For buyers, a significant invalidation is to collect $0.27. This allows you to open short bounces to $0.29 and $0.32.
For now, fade chat, seller tile volumes, and bear chart patterns all point in the same way. Unless $0.25 is held (key support), the price of the PI coin risks another sharp leg.
