Selling pressure pushes Pi Network price lower in today's trading

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Pi network slips 29.16% today

Highlights

Kraken's listing of the Pi token enhances liquidity and marks a major step for Pi Network following its February 2025 mainnet launch.
Pi Network reports 19 million KYC-verified users and over 10 million migrated accounts, with new utility via an AI partnership enabling miners' computing contributions.
Technicals signal short-term selling pressure, with price holding above short and medium supports but below longer resistance; range-bound and further declines likely, barring a recovery above $0.2270.

Liquidity boost as major exchange listing meets persistent selling

Kraken listed the Pi token, marking a key milestone for Pi Network and providing greater liquidity and access for users. The mainnet launched in February 2025, allowing external connections, and now has about 19 million KYC-verified users with over 10 million accounts migrated to the network. A partnership with AI company OpenMind was also announced to enhance token utility by enabling computing power contributions from miners, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, notes the recent 29.16% daily drop as a warning sign for Pi Network. He highlights that despite short-term support above the SMA-20 and SMA-50, the asset remains vulnerable below the critical SMA-200 and Ichimoku resistance at $0.2270. Kharitonov is skeptical of the sustainability of current adoption and partnerships, considering broader selling pressure and high volatility. He stresses that momentum and oscillator divergence signal fragility rather than recovery. "With sellers holding the tactical edge and no confirmation of a bullish reversal, I see a continued downside risk for PI in the near term."

Viktoras Karapetjanc, expert at Traders Union, interprets the Kraken listing and ongoing mainnet adoption as positive structural developments. He sees the growing base of KYC-verified users and the OpenMind partnership as underpinning long-term utility and network potential. Karapetjanc believes these milestones strengthen market confidence, even as short-term price action appears volatile. "The bullish structure remains intact, and I expect further growth as user momentum and ecosystem expansion drive future demand for PI."

Parshwa Turakhiya, analyst, notes the mixed signals dominating PI’s short-term landscape. He sees momentum indicators clashing, with buyers gaining strength on the daily MACD and ADX, yet exhausted by heavy intraday selling and overbought readings on Stoch RSI and CCI. Turakhiya highlights the importance of Ichimoku and SMA thresholds for quick trades, as price action may swiftly pivot if $0.2270 is reclaimed. "This is an environment for nimble trading — I advise waiting for clear confirmation before entering any directionally biased positions on PI."

Mixed momentum as sellers hold advantage below key resistance

The current price of $0.2093 sits above both the SMA-20 ($0.1932) and SMA-50 ($0.1749), confirming underlying short- and medium-term support, but remains below the SMA-200 ($0.2293), highlighting longer-term resistance. Ichimoku D1 places the nearest dynamic support at $0.2270; with the price below this level, sellers retain a tactical advantage for now.

Momentum signals are mixed: D1 MACD hints at a bullish tilt while ADX shows buyers gaining strength, yet Stoch RSI and CCI post strong sell and overbought readings, highlighting short-term exhaustion. BBP signals strong buy but the intraday environment has turned negative, as the daily price dropped 29.16% with no opening gap, closing near today’s low of $0.2072. Volatility is high and the intraday tone remains pressured, with momentum signals and oscillators diverging, suggesting buyers and sellers are locked in an uncertain tug-of-war—further confirmed by the AO’s supportive buy but heavy short-term selling on most timeframes.

Previously it was reported that Pi Network was exhibiting strong bullish momentum backed by increased liquidity, heightened community activity, and technical confirmation of buyer dominance. The current shift in tone, underscored by a sharp daily decline and conflicting momentum signals, suggests traders should closely monitor the $0.2270 level for potential shifts in control as volatility and uncertainty persist.

Source of Data: PI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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