PI coin weekly price analysis: The downward trend continues, when will it hit the bottom and rebound?

Looking at the weekly chart of this PI, it is simply a downward plunge 📉. After plummeting from a high of 1.668, it has embarked on a long downward journey, now at 0.3487, and has dropped 2.5% in the last 24 hours.

The MA5 and MA10 moving averages are clearly in a bearish arrangement, pressing down all the way. The average cost price is 0.6439, and the current price is far below this, likely causing those who are trapped to be in despair. The trading volume also lacks vitality, as funds seem to be fleeing. The MACD doesn't show any reversal signals either, with both DIFF and DEA hovering at low levels.

This market situation must be frustrating for the holders, and those wanting to buy the dip have to be extra cautious, as the downturn is hard to change. We just hope to see a reversal signal soon, and for PI to pick up as well. What do you all think about this trend, coin friends?
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