PI remains stuck in a bearish structure | Credit: Hameem Sarwar
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Key Takeaways
PI still appears bearish, as it is consolidating near $0.20 with weak inflows.
The CMF is barely positive, and BBP keeps fading back toward zero.
If $0.20 breaks, PI could slide, while a reversal likely requires a breakout
Pi Network (PI) remains under technical pressure as the broader market struggles to attract sustained demand.
Despite brief stabilization attempts, PI’s price action continues to reflect a structurally bearish setup.
Weak momentum, shallow inflows, and persistent seller dominance have driven this.
While some indicators hint at early bottoming behavior, these signals lack confirmation from volume, keeping downside risks elevated.
As a result, PI’s recent consolidation appears more like a pause within a downtrend rather than the start of a recovery. This has left the near-term outlook tilted toward further weakness.
Is PI ready for a recovery? Let’s find out.
Pi Network Buyers Struggle For Control
The Chaikin Money Flow (CMF) highlights PI’s lack of conviction.
Although CMF registers a slightly positive value of 0.01, the reading is shallow and flat, indicating weak and inconsistent capital inflows.
Buyers are not committing meaningful volume at current levels, a condition that precedes further downside or prolonged consolidation.
In strong recovery phases, CMF typically expands decisively above zero, whereas PI’s price has yet to reach this level.
The Bull Bear Power (BBP) indicator reinforces this cautious outlook. BBP hovers near the zero line, with repeated attempts to turn positive quickly fading.
This behavior reflects a market where bullish pressure is repeatedly absorbed by sellers, keeping bears structurally in control.
The lack of sustained green histogram expansion signals that buying strength remains insufficient to challenge the prevailing downtrend.
A breakdown below this area could expose the asset to deeper losses, potentially opening the door toward the $0.18 region.
Until stronger capital inflows and momentum confirmation emerge, Pi Network’s price remains vulnerable, with weak demand likely to keep the broader outlook tilted to the downside in the near term.
Supporting this trend, the Awesome Oscillator (AO) has printed multiple green histogram bars below the zero line, signaling weak and indecisive momentum.
Meanwhile, the Moving Average Convergence Divergence (MACD) has flipped bullish, with the 12-day EMA crossing above the 26-day EMA, suggesting a potential shift in short-term momentum.
However, the MACD histogram bars remain modest, indicating that buying pressure is still in its early stage and not yet intense enough to confirm a sustained uptrend.
Possible Targets
Drawing from the Fibonacci retracement levels gives a closer insight into PI’s price action.
The price is consolidating at $0.20 and appears to be trending toward the zero Fib level at $0.15, closely aligned with its all-time low.
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.
