Pi tests $0.0816 support as seller pressure keeps trend bearish

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Pi slides 10.15% today to $0.0881

Highlights

Pi Network is developing a cross-chain bridge to enable Pi Coin transfers with other blockchains, aiming to boost ecosystem utility.
Recent launches include PiVerify, an AI and human-powered digital identity solution designed for secure, user-controlled Web3 application access.
Bearish momentum persists, with PI/USD expected to consolidate between $0.0816 and $0.0946 amid strong selling pressure and low probability of a near-term rally.

Utility expansion eyed as Pi Network pursues cross-chain solutions

Pi Network is reportedly exploring the development of a cross-chain bridge to facilitate Pi Coin transfers between its own network and other blockchains, a step that could materially expand the token’s utility within the broader Web3 ecosystem, according to Hokanews. This follows the recent introduction of PiVerify, a digital identity verification tool leveraging the platform’s AI-driven and human KYC infrastructure, also reported by Hokanews, which aims to offer users secure and user-controlled identity solutions compatible with Web3 applications. In addition, Pi Network has maintained its efforts to drive real-world usage for Pi Coin by encouraging developers to build payment-focused applications within its global community, according to Hokanews, though price action has remained under broader selling pressure.

Downtrend confirmed as momentum signals and resistance converge

On the hourly chart, PI/USD trades below the MA-20 at $0.0936 and the MA-50 at $0.0964, with the price now well under its long-term MA-200 at $0.1671. The Ichimoku Kijun level at $0.0918 stands out as immediate overhead resistance. Momentum studies show the Moving Average Convergence Divergence (MACD) in a sell configuration, and the Average Directional Index (ADX) confirms the ongoing downtrend. The Relative Strength Index (RSI) is low at 25.0561, nearing oversold territory, while the Commodity Channel Index (CCI) and Bull/Bear Power are both on sell. Stochastic RSI is neutral, and the Awesome Oscillator remains aligned with the prevailing downtrend.

Sideways bias expected amid volatility and downside risk

For the next 2 to 3 trading days, the anticipated price range is $0.0816 to $0.0946, capturing the typical volatility expected given current market conditions. There is a very high likelihood of continued downward pressure, with a low probability of a meaningful upward move. The most probable scenario is sideways consolidation within this projected band. If the price breaks above resistance at the Ichimoku Kijun and recovers the MA-20, a rebound could develop. Conversely, a decisive move below $0.0816 would likely trigger a fresh wave of accelerated selling.

Anton Kharitonov, expert at Traders Union, believes current conditions in Pi Coin remain weak, both technically and in terms of sentiment. He notes that despite the network’s efforts to boost utility through cross-chain exploration and digital identity solutions, price action stays under clear downside pressure and hasn’t responded positively. Kharitonov sees little evidence of a bullish shift unless resistance levels are reclaimed. "Unless PI recovers above $0.0918 and the MA-20, rallies are likely to be short-lived and downside remains the main risk."

Earlier, analysts noted that Pi faced persistent selling pressure and limited near-term prospects for a bullish reversal amid ongoing technical weakness. The current session reinforces this bearish outlook, with downside risk elevated as the token struggles to maintain support—traders should closely monitor for any significant break below the projected $0.0816 level as a potential catalyst for accelerated declines.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.