PI Network (PI) fell 10% this week, setting a new record low and pressing into a key technical area around $0.13, according to analysts tracking the token. While dip buyers have emerged near this level, the broader setup remains bearish as selling volume has risen in recent sessions and momentum indicators point to lingering downside pressure.
Market Outlook
Analysts highlight $0.13 and $0.10 as the principal support zones, with overhead resistance marked at $0.16 and $0.20. The move to a lower low keeps the prevailing downtrend intact, and market watchers note that a sustained break below $0.13—followed by that level acting as resistance—would strengthen the case for further declines. Conversely, holding above $0.13 would be the first sign that sellers are losing near-term control, though meaningful recovery attempts would still need to clear successive resistance levels.
Analyst Views
On the 3-day timeframe, analysts report eight consecutive bearish candles that have driven PI approximately 30% lower. This stretch of persistent selling began when the market failed to defend the $0.16 support, triggering a push into the current $0.13 zone. If $0.13 also gives way and then flips to resistance, analysts caution that the downtrend could accelerate, opening a path toward the next key objective at $0.10. In their view, the sequence of lower lows and the inability to reclaim former support levels continue to define market structure.
Momentum and Volume
Momentum has weakened considerably. Analysts point to the daily Relative Strength Index (RSI) slipping beneath the 30 threshold and sitting near 25 at the time of reporting, underscoring an oversold backdrop with no firm reversal signals. Rising sell-side volume in recent days reinforces the bearish tilt, suggesting that rallies may be challenged until supply subsides. That said, oversold readings can coincide with short-lived rebounds. Some analysts describe seller behavior as “greedy” at these extremes, which can increase the probability of a relief bounce if support holds and short-term profit-taking emerges.
Key Levels in Focus
The immediate focus remains on $0.13. Analysts consider this level a pivot that could influence near-term direction: holding it as support would keep a stabilization scenario in play, while a decisive breakdown—especially if followed by a failed retest from below—would be interpreted as confirmation that bears remain in control. Should a rebound materialize, $0.16 is viewed as the first meaningful ceiling. Clearing that area would be necessary to neutralize immediate downside momentum, with $0.20 cited as the next resistance where supply could reappear.
Scenarios to Watch
Analysts outline two primary paths:
- Bearish continuation: Price loses $0.13, retests it as resistance, and extends the trend of lower lows. In this case, the market outlook points toward $0.10 as the next key target, consistent with the existing downward structure and recent volume dynamics.
- Relief bounce: Oversold conditions prompt buyers to defend $0.13, sparking a short-term rally. Any such move would likely confront supply at $0.16 first and then at $0.20, with those areas serving as checkpoints for whether momentum is shifting or merely pausing within a broader downtrend.
Context and Risk Considerations
Analysts emphasize that the week’s 10% decline and the new record low reflect sustained selling pressure rather than a single shock event. The technical backdrop—lower lows, a sequence of bearish candles on multi-day charts, and an RSI near 25—aligns with a market still searching for a durable floor. While oversold readings can precede rebounds, the absence of a confirmed reversal signal keeps the bias tilted to the downside unless buyers can defend $0.13 and begin to reclaim lost levels.
Chart observations referenced by analysts are based on TradingView data. Overall, the outlook presented is a market assessment rather than guidance, with forecasts contingent on how price behaves around $0.13. A firm hold there could give buyers an opening, but a flip of that level into resistance would, in analysts’ view, validate the prospect of fresh lows and put $0.10 in focus.
