The post Pi Coin Price Update for April 29: Key Levels to Watch appeared on BitcoinEthereumNews.com.

Altcoins Pi Coin (PI) is experiencing notable downside pressure today, with its price dropping 6.27% over the last 24 hours to $0.5759 at the time of writing. The move comes with a surge in 24-hour trading volume to $105.21 million — a 36.24% increase — suggesting heightened investor activity amid the decline. What’s Happening Today Over the past day, Pi Coin’s price has sharply broken below the $0.5900 mark, a level that previously acted as a minor support zone. The chart reveals a significant breakdown beginning in the early hours of April 29, followed by a period of volatile consolidation between approximately $0.575 and $0.582. The overall trend has been bearish, with multiple lower highs forming throughout the day. This downward momentum, combined with the spike in trading volume, may indicate a wave of profit-taking or broader market sentiment shifting to risk-off behavior for PI holders. Key Support and Resistance Levels Support: $0.5750: This is the current price floor and has been tested multiple times in the past few hours. A breakdown below this could open the door to further losses. $0.5600 (psychological): Not shown directly on the chart, but likely to be the next level traders will watch if current support fails. Resistance: $0.5900: Recently turned from support to resistance after the breakdown; this level will be crucial if buyers try to regain control. $0.6133: The high from earlier in the chart and the key resistance point for any bullish reversal attempt. What to Watch For Investors and traders should closely monitor whether Pi Coin can hold above the $0.5750 support. A breakdown below could lead to a retest of the lower $0.5600 range or even lower. On the flip side, any strong bounce with volume pushing back above $0.5900 could suggest a short-term reversal. Additionally, with a market…

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Filed under: News - @ April 29, 2025 1:25 pm