U.S. President Donald Trump’s sweeping reciprocal tariffs have triggered fresh panic across global financial markets.

Bitcoin, often seen as a hedge during crises, has failed to hold up, dragging the broader crypto market down with it.

The U.S. President Donald Trump's sweeping reciprocal tariffs have triggered fresh panic across global financial markets. Stocks, currencies, and even crypto are trading in the red. Bitcoin, often seen as a hedge during crises, has failed to hold up, dragging the broader crypto market down with it.

The Pi price, already in a prolonged downtrend since its all-time high, has taken a sharper hit. Once viewed as a potential investment among altcoins, Pi Network is now struggling to find support amid a market-wide sell-off.

Although some have long seen the crypto market as insusceptible to macro shocks, it is obviously under pressure. While Trump’s tariff statement rocked conventional financial systems, it is remarkable how badly Bitcoin and altcoins have been affected.

Geologically speaking, events like COVID-19 and the Russia-Ukraine conflict tested Bitcoin’s resilience. This time around is different now.

Bitcoin’s drop has weakened sentiment across the board, and high-beta tokens like Pi price are taking the worst of it. After peaking near $3, the Pi price has failed to regain momentum and continues its slide, entering a deeper bearish phase. Technical indicators suggest no clear bottom yet, and volume has been declining, showing a lack of buying interest.

The fact that even Bitcoin is reacting sharply to macroeconomic news shows just how interconnected crypto has become with the broader financial system. The current downturn magnifies existing vulnerabilities for Pi token, which lacks the liquidity and adoption strength of major assets. Let’s take a look at the Pi price prediction to see what the chart says about Pi.

Pi Coin Price Prediction: Deeper Bearish Phase Begins as Chart Shows No Clear Bottom Yet

Pi Coin’s recent price action has been marked by failed breakouts and increasingly bearish technical signals. A converging triangle pattern formed ahead of March 5 but broke to the downside at 01:00 UTC that day. The move failed to hold, with the Pi price reversing course and hitting a low at $0.4000 around 04:00 UTC on April 5. From there, the price surged, reaching an intraday high of $0.7990 by 11:00 UTC, backed by a bullish MACD crossover, often referred to as a golden cross, and a Relative Strength Index (RSI) reading above 70, signalling overbought conditions.

Image: Pi price chart by vallijat007

The rally quickly lost steam, and Pi retraced to $0.5400. A narrow range followed before breaking down again on March 6 at 08:00 UTC, this time confirmed by a bearish MACD death cross. The pattern repeated with another tight consolidation, which failed on March 7 at 02:00 UTC.

Pi’s price structure now suggests fading bullish momentum and increasing vulnerability to further downside unless support holds. Traders should be cautious because Pi may fall further. If the bear pressure did not go away, Pi may soon mark another low.

Momentum Breaks, Uncertainty Builds

The Pi price is showing clear signs of exhaustion, with failed breakouts and weakening momentum painting a grim short-term picture. The broader macro environment, shaken by tariff shocks and risk-off sentiment, has stripped away the usual resilience seen in crypto, pulling even Bitcoin into a downtrend.

For Pi network, which lacks strong institutional backing or deep liquidity, this makes recovery even harder. Until macro conditions stabilize and technicals reset, Pi Coin remains at risk of further losses.

Unless it can reclaim key levels and hold them, any bounce may prove short-lived in a market increasingly driven by external forces and fading risk appetite.