PI sellers continue to dominate with the $0.15 support under threat, according to analysts reviewing recent price action in PI Network (PI). The latest market outlook frames $0.15 as the key downside level to watch, while $0.20 and $0.28 remain the principal resistance areas that would need to be reclaimed for momentum to shift back toward the upside.

Market Outlook

Analysts note that PI is still working through a steady correction that has persisted for over six weeks, unwinding a strong early‑March advance. After touching $0.30, the coin has given back those gains and is now moving toward the highlighted support at $0.15. The report characterizes the current backdrop as one in which sellers retain control, with the market tone reflecting a drawdown that has erased over 45% of valuation since March. In recent sessions, attempts to stabilize above $0.17 proved brief, and price action has been trending around $0.16, reinforcing the view that the asset remains in a defined downtrend.

Analyst Views

Forecasts emphasize that, with bearish momentum intact, lower levels remain a realistic possibility if buying interest does not re‑emerge near support. The $0.15 area is presented as a pivotal zone: a firm defense there could help arrest the decline, whereas visible weakness would likely prolong the existing downtrend. At the same time, analysts point out that selling volume has been steadily declining, an observation interpreted as a potential sign that bearish conviction may be waning. While not a directional call by itself, this tapering in activity is being watched for clues that the market could be approaching a point where sellers begin to lose control.

Key Factors

The outlook centers on well‑defined technical reference points. On the downside, $0.15 is the level that analysts say buyers will want to defend to avoid a deeper slide. On the upside, any sustained recovery effort would first confront resistance at $0.20, followed by $0.28, levels that have been identified as barriers where prior rallies stalled or supply reasserted itself. The brief pause above $0.17 earlier in the move is cited as evidence that interim stabilization has thus far been insufficient to reverse the trend. In this framework, the path forward is seen as contingent on whether demand returns decisively before a full test of support takes place.

Technical Indicators

On a 3‑day timeframe, the Moving Average Convergence Divergence (MACD) indicator shows a clear bearish cross from early April, and the moving averages have continued to trend lower since then. Analysts describe price as mirroring this signal with a gradual, persistent downtrend. In this context, the MACD cross is viewed as confirmation that negative momentum has remained in place through April, aligning the indicator backdrop with the current direction of travel in spot prices. The technical read‑through from this setup is that a durable shift in trend would likely require evidence of momentum flattening or reversing before the market can attempt a broader recovery.

Momentum and Volume

Momentum remains the dominant theme in the analysis, with sellers holding the initiative after successive lower highs. However, the commentary highlights the steady decline in selling volume as a potential counterbalance to outright bearishness. For market watchers, volume trends are a gauge of participation and conviction; the observation that activity has been diminishing is being interpreted as an early, if tentative, sign that downside pressure could be losing intensity. Analysts stress that volume alone does not constitute a reversal signal, but in combination with a firm defense of $0.15, it could contribute to an improving risk profile for the trend.

Future Trends

The near‑term roadmap laid out by analysts revolves around how price behaves as it approaches the $0.15 support. In an ideal scenario, sellers would lose interest before that level is fully tested, allowing buyers to step in and attempt to rebuild a base. Such a development would be seen as an early indication that PI can begin to retrace recent losses. Conversely, visible weakness around $0.15 would align with the prevailing momentum and could extend the ongoing decline. Until a decisive shift occurs—either through stabilization above support or a break of resistance at $0.20 and then $0.28—the report maintains a cautious stance, framing outcomes as contingent on the market’s response to these clearly defined technical markers rather than offering prescriptive guidance.