- PiNetwork is experiencing bearish momentum after dropping below the $0.71 support level, with technical indicators suggesting further declines toward $0.61 and $0.57.
- A recovery is possible if the price reclaims $0.71 and breaks above the $0.78 resistance.
Bearish Momentum Builds as Support Crumbles
Pi Network (PI) is facing a pivotal moment as its price drops to $0.67, falling below the key support level of $0.71. This breach signals a rise in bearish sentiment, with technical indicators suggesting further downside could be imminent. If the altcoin fails to stabilize soon, investors may see Pi’s price tumble toward $0.61 and potentially even lower to $0.57.
Investor Confidence Slips as Outflows Dominate
The Chaikin Money Flow (CMF) indicator is painting a grim picture for Pi Network. With values now below the zero line, outflows are clearly overtaking inflows, revealing growing investor caution and a weakening conviction in the asset’s short-term prospects. This trend indicates that sellers are in control, and unless sentiment shifts, more downside may follow.
Squeeze Momentum Indicator Warns of Imminent Drop
Adding fuel to the bearish fire, the Squeeze Momentum Indicator shows that Pi Network is in a volatility “squeeze.” This technical pattern often precedes a sharp price move, and with bearish momentum building, the expected release is likely to push prices lower. Blue dots on the indicator typically mark the beginning of volatile periods—and in this case, they point downward.
What’s Next for Pi Network Price?
With the current price sitting at $0.67, Pi Network is teetering on the edge of further losses. The next critical support level is at $0.61, and a failure to hold there could drive the price down to $0.57—deepening the pain for investors.
However, hope isn’t lost. A bounce back above $0.71 could mark the beginning of a recovery. If bulls manage to push PiNetwork past the $0.78 resistance, it would invalidate the current bearish outlook and possibly set the stage for a new upward trend.
The coming days will be crucial for PiNetwork. With technical indicators flashing red and key support levels falling, all eyes are on whether bulls can regain control—or if the bears will drive prices further into the red.
