Pi Coin is currently trading around $0.36 after hitting a recent low of $0.40. Despite falling prices, rising open interest suggests potential for a bullish reversal. If PI reclaims the 50-day SMA and surpasses resistance at $0.47–$0.50, it may rally toward $0.62–$0.74. However, failure to hold the $0.42–$0.40 support zone could lead to a drop toward $0.32 or even $0.10. Technical indicators point to a critical inflection point, with market momentum and sentiment likely to determine the next major move for the token.