The post Pi Coin Price Is Looking At Historic Lows As Bearish Momentum Gains Strength appeared on BitcoinEthereumNews.com. Pi Coin has struggled to maintain upward momentum, with its price continuing to slide over recent days.  The cryptocurrency has faced significant challenges, with market conditions worsening, leading to a downtrend that has kept Pi Coin from breaking out. As the market weakens, a drop to its all-time low (ATL) seems increasingly likely. Pi Coin Is Under Bearish Pressure The Relative Strength Index (RSI) for Pi Coin has experienced a sharp downtick, indicating that bearish momentum is gaining strength. As the RSI is not yet at the oversold threshold of 30.0, the probability of a reversal is nowhere near.  Although extremely low prices often attract buyers looking for bargains, Pi Coin’s current price action has failed to spark significant buying pressure. The lack of a noticeable rebound suggests that further declines could be ahead.  Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Pi Coin RSI. Source: TradingView Pi Coin’s macro momentum is also signaling a shift toward bearishness. The Moving Average Convergence Divergence (MACD) indicator is nearing a bearish crossover, with the signal line inching closer to crossing over the MACD line. As the MACD nears a bearish crossover, the market sentiment for Pi Coin continues to deteriorate. The crossover would mark a significant change in momentum, reinforcing the possibility of more downside. Pi Coin MACD. Source: TradingView Pi Coin Price Nears New Low Pi Coin has fallen by 7.4% over the last 24 hours, currently trading at $0.354. The altcoin has slipped through the $0.362 support level, raising concerns about its ability to stabilize. The downtrend is gaining momentum, with Pi Coin’s price reflecting increasing market pessimism. Currently, Pi Coin is holding above the local support of $0.344. If this support level fails, the token could drop further toward its all-time low of $0.322.… The post Pi Coin Price Is Looking At Historic Lows As Bearish Momentum Gains Strength appeared on BitcoinEthereumNews.com. Pi Coin has struggled to maintain upward momentum, with its price continuing to slide over recent days.  The cryptocurrency has faced significant challenges, with market conditions worsening, leading to a downtrend that has kept Pi Coin from breaking out. As the market weakens, a drop to its all-time low (ATL) seems increasingly likely. Pi Coin Is Under Bearish Pressure The Relative Strength Index (RSI) for Pi Coin has experienced a sharp downtick, indicating that bearish momentum is gaining strength. As the RSI is not yet at the oversold threshold of 30.0, the probability of a reversal is nowhere near.  Although extremely low prices often attract buyers looking for bargains, Pi Coin’s current price action has failed to spark significant buying pressure. The lack of a noticeable rebound suggests that further declines could be ahead.  Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Pi Coin RSI. Source: TradingView Pi Coin’s macro momentum is also signaling a shift toward bearishness. The Moving Average Convergence Divergence (MACD) indicator is nearing a bearish crossover, with the signal line inching closer to crossing over the MACD line. As the MACD nears a bearish crossover, the market sentiment for Pi Coin continues to deteriorate. The crossover would mark a significant change in momentum, reinforcing the possibility of more downside. Pi Coin MACD. Source: TradingView Pi Coin Price Nears New Low Pi Coin has fallen by 7.4% over the last 24 hours, currently trading at $0.354. The altcoin has slipped through the $0.362 support level, raising concerns about its ability to stabilize. The downtrend is gaining momentum, with Pi Coin’s price reflecting increasing market pessimism. Currently, Pi Coin is holding above the local support of $0.344. If this support level fails, the token could drop further toward its all-time low of $0.322.…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more