Pi Network struggles under selling pressure | Credit: Hameem Sarwar
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Key Takeaways
Pi Network price drops 10%, nearing new all-time low levels.
The bearish setup is confirmed as the price trades below $0.25.
Continued selling could push PI toward a new low of $0.18.
Pi Network (PI) is under pressure again. Over the past seven days, the Pi Network (PI) price has dropped 10%, and risks falling to a new all-time low.
PI’s price last reached its all-time low on Sept. 22. At press time, it is down 91.95% from its all-time high, with bulls backpedaling.
As it stands, it does not seem likely that PI will bounce from this point, with indicators predicting an extended downturn.
PI Remains Trapped
On the 4-hour chart, the Pi Network price remains under heavy selling pressure, as it continues to trade within a descending triangle. This pattern is a bearish continuation pattern that precedes further downside.
The chart’s bearish dominance is clear. The Bull Bear Power (BBP) indicator reinforces this setup. It sits deep in negative territory, signaling that sellers are in control and buying momentum remains weak.
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Adding to the bearish tone, PI’s price has dropped below the key $0.25 support, which now acts as immediate resistance.
With the Holders Sentiment Index plunging to -10.28, market participants appear to be losing confidence, shifting the mood from neutral to outright bearish.
Due to this position, PI’s price could struggle to reclaim the $0.27 resistance in the short term. If bears maintain pressure, the cryptocurrency might slide toward the next support at $0.21.
For bulls to regain control, PI would need a strong surge in volume and a decisive breakout above $0.27. Until then, sentiment and structure both point to further downside.
PI Price Prediction: No Way Out
Similar to the 4-hour setup, the daily chart for PI suggests a continued bearish bias, despite brief signs of stabilization.
Currently, PI’s price trades below the descending resistance line, showing sellers still have the upper hand.
Adding to the pressure, the token remains below the Ichimoku Cloud, a key resistance area.
This positioning reinforces that the broader trend is still tilted to the downside. Therefore, any bullish attempt could face multiple rejections unless the price breaks above the cloud with strong momentum.
Meanwhile, the Money Flow Index (MFI) has dropped, reflecting a decline in buying pressure. The weakening inflow signals that capital is exiting the market, leaving PI vulnerable to further dips if demand doesn’t return soon.
If this structure persists, PI’s price could retest the $0.21 support zone. If selling pressure intensifies, it could slide to $0.18.
However, a bounce in MFI and a breakout above the Ichimoku Cloud could shift momentum back in favor of the bulls, paving the way for a recovery toward $0.30.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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.
