Pi Coin, Fartcoin Eye Major Crash as Goldman, BlackRock Sound US Recession Alarm

YEREVAN (CoinChapter.com) — Pi Coin and Fartcoin are unraveling fast—both breaking key supports with bearish targets looming, as technical breakdowns collide with rising macroeconomic fears from Wall Street giants.

Pi Coin Eyes Further Crash in April — Analyst

Pi Coin (PI) dropped sharply after analysts spotted a bearish chart pattern forming mid-March. One analyst, Marketchild, accurately predicted the fall from $1.22 to $0.55 by identifying an ABC wave pattern—a common structure in technical analysis that signals a three-part price correction.

In this case, the third part, wave (C), landed at the expected support level of $0.55 on April 7.

Now, the same analyst warns that Pi Coin could fall even further, possibly to $0.08 or even $0.02. The chart shows no signs of a turnaround yet, and the clear breakdown (a sharp move below key support levels) suggests that sellers still control the market.

Pi Coin moved above $3 in March but failed to hold gains. After that, the price kept making lower highs and volume dropped. The 50 EMA on the 4-hour chart continues to act as resistance, and no bullish divergence is visible.

Another bearish indicator is the 50 EMA (Exponential Moving Average) on the 4-hour chart, currently at $0.6417. This line tracks the average price over time and is often used to spot trends. Right now, it’s acting as resistance, meaning the price has struggled to climb above it. That suggests the downtrend is still in place.

The RSI (Relative Strength Index), a tool used to measure momentum, currently sits at 45.91. This is below the neutral level of 50, indicating that sellers still have the upper hand, but the market isn’t yet oversold. Overall, these technical signals point to continued weakness in Pi Coin’s price, with the possibility of deeper losses ahead.

Fartcoin Breaks Support and Risks Drop Toward $0.50

Solana-based memecoin Fartcoin broke below a key ascending support line on the 15-minute chart. The move followed a failed breakout attempt at the resistance zone between $0.5918 and $0.6085 (the dashed red horizontal line in the chart below). After hitting that range, the price reversed and dropped below the rising trendline.

The chart, shared by CryptoJobs, shows Fartcoin losing bullish momentum after reaching the dashed red horizontal range. The memecoin has closed below its prevailing descending trendline support, increasing the odds of a bearish continuation in the coming days.

The highlighted yellow area—defined by the $0.5296–$0.5011 range—under the breakdown marks shows where the price could head next. A further decline could bring the price closer to $0.4555 or $0.4075, highlighted in green.

As of April 8, Fartcoin is trading at $0.57073. The RSI (Relative Strength Index) on the 4-hour chart is 54.04, which is slightly above the neutral level of 50. This means the token has some momentum, but it’s not strongly bullish or bearish—more like a tug-of-war between buyers and sellers.

Conversely, Fartcoin is also trading above its 50 EMA (Exponential Moving Average), currently at $0.48052. This is a positive sign, showing that the short-term trend is still holding up.

Goldman, BlackRock’s U.S. Recession Warning Could Hurt PI and FARTCOIN Bulls

The bearish outlook around Pi Coin and FARTCOIN now faces added weight from macroeconomic stress.

On April 8, Goldman Sachs raised the likelihood of a U.S. recession to 45%, warning that the equity selloff could evolve into a full cyclical bear market. Their report flagged extended downside, driven by slowing growth, tighter liquidity, and weakening consumer sentiment.

BlackRock also downgraded U.S. stocks to neutral, citing rising trade tensions and global uncertainty. Strategists expect further downside across risk markets, stating that asset prices will remain under pressure in the near term. Their team is shifting capital into short-term U.S. Treasuries, pointing to increased demand for safer holdings.

When fears of a recession rise or global uncertainty increases, as highlighted by Goldman’s 45% recession odds and BlackRock’s neutral stock rating, investors typically shift their money away from riskier investments and into safer assets like U.S. Treasuries. This “risk-off” behavior reduces buying pressure across crypto markets, especially for unproven or meme-like tokens, putting further downward pressure on their prices.