Key Takeaways
Pi Network (PI) continues to struggle under the weight of a prolonged bearish trend.
As a result, the token has shed roughly 93% of its value from its all-time high.
What began as a post-launch correction has developed into a sustained downtrend.
Despite brief periods of consolidation, PI’s price action remains structurally weak, with indicators pointing to further downside.
With liquidity thinning and price compressed within a descending structure, the risk of further downside stays elevated.
Is the PI Network price bound for a recovery soon? Let’s find out.
The Moving Average Convergence Divergence (MACD) highlights PI’s current challenge.
On the 4-hour timeframe, the 26-day (orange) EMA has crossed above the 12-day EMA (blue), with histogram bars lingering in negative territory.
Besides that, the Awesome Oscillator (AO) reinforces this weakness. Printing at -0.0031, the indicator remains firmly below the zero line, signaling muted bullish participation.
Recent recovery attempts have been shallow, resulting in lower highs across the histogram, indicating that upside momentum is consistently fading rather than building.
From a price-structure perspective, PI remains trapped within a descending channel.
Rejections along the upper trendline, near the $0.22 region, repeatedly push the price lower, while the inability to sustain bids above mid-channel levels keeps downside pressure intact.
At press time, the Pi Network price hovers around $0.20 and is dangerously close to the channel’s lower boundary.
A confirmed breakdown below the $0.20 to $0.19 support zone could expose PI’s price to a deeper slide toward the $0.18 region, extending the broader post-crash downtrend.
Until the price reclaims the channel’s upper boundary and momentum indicators turn positive, rallies appear corrective rather than trend-reversing.
On the daily chart, PI is confined within the descending channel, consistently forming lower highs and lower lows.
The Relative Strength Index (RSI) is trading in negative territory at 40.30, reflecting persistent selling pressure and indicating that bearish momentum remains intact, with buyers struggling to assert control over the trend.
Further reinforcing this trend, the Chaikin Money Flow (CMF) also sits in negative territory, signaling continued outflows.
The sustained reading below zero indicates that market participation heavily favors exits over entries.
Fibonacci retracement levels provide additional insight into Pi Network’s price potential.
At $0.20, PI has consolidated in this zone for weeks, with immediate support near the Fib level at $0.14, closely aligning with the lower boundary of the descending channel.
A breakdown below this level could accelerate the ongoing downtrend, leaving the token exposed to further losses.
On the upside, if Pi Network’s price breaks above its immediate resistance zone at $0.28, the altcoin could start showing signs of gradual recovery, with the next target near the 0.236 Fib level at $0.51.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
