The post Pi Price Under Pressure—Is the $0.20 Support About to Fail? appeared first on Coinpedia Fintech News
The Pi price action is flashing early warning signs as the token slips beneath a key trading range, threatening to deepen the correction that began after multiple rejections near $0.29. While the market remains in a consolidation phase, the structure is weakening, and Pi now sits at a make-or-break point that could define its December trend.
Pi Faces a Critical Retest of the Rising Trendline
Pi is currently hovering directly above an ascending trendline that has supported the market since early October. But this support is no longer firm. Price has already slipped below the 50-day moving average, turning it into active resistance, and sellers are gradually overwhelming the structure with lower highs.
At the same time, the RSI — which had been forming higher lows—has now broken down from its own ascending support. This divergence between price stability and weakening momentum is typically an early indicator of trend exhaustion. Combined with declining volume, the market is showing signs of compression that often precedes a decisive move.
If Pi fails to hold its rising trendline at $0.223–$0.225, the breakdown could accelerate rapidly as liquidity below the level is thin. A slide toward $0.20 becomes the likely next step, and a deeper extension to $0.18 cannot be ruled out.
Loss of the Mid-Range Could Extend the Correction
The mid-range zone between $0.25 and $0.27 has been rejected three times in two months, confirming it as a strong supply region. Each rejection has produced a lower high, indicating that buyers are unable to regain momentum or reclaim lost market structure.
Now that Pi has lost its near-term trading range, the market is at risk of slipping into a broader descending structure. If the price closes firmly below $0.22, it would mark the first clean break of the multi-month uptrend—a shift that could turn the current pullback into a deeper correction phase.
However, bulls still have one final argument in their favor: the broader uptrend from the October lows remains intact as long as $0.20 holds. A rebound from the trendline, paired with increasing volume, could reset momentum and give Pi another attempt at $0.27.
Conclusion: December Hinges on $0.22 — Break or Bounce?
Pi price is approaching a decisive point. A sustained break below $0.22 would open the doors to a steeper correction toward $0.20–$0.18, while holding this zone could allow the price to rebound toward $0.25 and potentially retest $0.27.
Price targets:
- Bearish: $0.20 → $0.18
- Bullish: $0.25 → $0.27
At this stage, the chart is leaning bearish—but not fully broken yet. The next two daily closes will determine whether Pi stabilizes… or slips into a deeper downtrend.
