Pi Coin Inches Toward All-Time Low as Social Volume Drops

Pi Coin is trading roughly 13% above its $0.130 all-time low while several market indicators show reduced support as the token tests a key horizontal level. On the PI/USDT daily chart, a Head and Shoulders pattern has formed: the left shoulder in mid-February, the head in mid-March and the right shoulder in mid-May, which is now rolling over. Price is defending a neckline at $0.145; a daily close below that level would expose the $0.130 low.

Fibonacci levels inside the structure provide nearer-term reference points: $0.143 (0.236) sits just below the neckline, followed by $0.129 (0.5) and $0.122 (0.618). Deeper extensions appear at $0.113 (0.786) and $0.102 (1.0). The pattern’s full measured-move target is near $0.074, with a 1.618 extension around $0.069.

Volume-weighted capital flow is showing outflows. The Chaikin Money Flow on the daily chart is at -0.04, its lowest reading since early April and below the zero line. A daily CMF reading under -0.05 is commonly used by market observers to indicate heavier outflow pressure.

Social attention to Pi has declined. Santiment’s daily Social Volume, which counts unique social posts about the token across tracked channels, dropped to 1 after peaking at 31 on May 8. That roughly 97% decline reflects lower retail chatter compared with the early May rally attempt.

Informed-trader positioning has weakened. The Smart Money Index stands at 0.9063 with its signal line at 0.9157; the Smart Money line has fallen below the signal. The index first slipped below its baseline relative to the signal in early May and has remained under it since. An ascending trendline anchored at the early-February low is being tested; a clear break beneath that trendline would push the Smart Money reading toward levels last seen on Feb. 11, when the token hit $0.130.

On the upside, a daily close above $0.156 (the right shoulder peak) would indicate a return of near-term strength, with further gains measured against $0.200 and the $0.300 head level.