Will PI Fall to a New All-Time Low? | Credit: Hameem Sarwar
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Key Takeaways
Pi Network (PI) trades inside the $0.35 horizontal support area.
The PI price has followed a diagonal resistance since its launch.
Will PI break out from its resistance or fall to new lows?
Pi Network (PI) faces a decisive moment after months of steady decline.
The token has repeatedly tested key support levels but has yet to break through its long-term diagonal resistance.
Now, the $0.34 support zone is in focus, with traders watching closely to see if it can hold the line and prevent PI from slipping to a new all-time low.
PI Price Breakdown
Since peaking at an all-time high in March, PI has been on a steep decline, shedding nearly 90% of its value while remaining trapped under a long-term resistance trend line.
The line has rejected PI three times — most recently last week — underscoring the heavy selling pressure that continues to weigh on the token.
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Since early August, PI has been clinging to the $0.34 horizontal support zone, its last major defense before revisiting all-time lows.
During this consolidation, the token has carved out two lower highs, a bearish sign that momentum is fading and a breakdown could be imminent.
Still, not all signals point to further decline. Momentum indicators are flashing early signs of potential reversal, leaving traders divided on whether $0.34 will hold as a base for recovery or give way to new lows.
PI Daily Chart | Credit: Valdrin Tahiri/ TradingView
The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are both surging, though neither has moved above its bullish threshold.
So, the daily time frame price analysis is insufficient to determine whether the PI price will break out or fall.
What’s Next for PI?
The persistent six-month downtrend signals that a drop below $0.34 remains the most probable scenario going forward.
Should this breakdown occur, the PI coin price could slide toward a fresh all-time low near $0.23, aligning with the 1.61 external Fibonacci retracement from the last rebound.
Conversely, indicators such as the RSI and MACD suggest the possibility of a breakout from the diagonal resistance.
PI Daily Chart | Credit: Valdrin Tahiri/ TradingView
However, even in that bullish case, the upside appears capped around the $0.45 resistance zone before momentum is likely to fade again.
This means that while a short-term rally could materialize, a lasting trend reversal does not seem likely in the near term.
Breakdown Incoming
In summary, PI’s technicals suggest that bearish pressure still dominates, making a breakdown below $0.34 the likeliest outcome.
While indicators hint at a possible short-term bounce, the upside looks limited before sellers regain control.
Unless momentum shifts decisively, the path of least resistance remains downward.
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.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
