Pi falls over 15% as selling pressure weighs despite ecosystem growth

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Pi slides 15.25% today on heavy selloff

Highlights

Pi Network is expanding its Web3 ecosystem with new apps and is working toward cross-chain interoperability for Pi Coin.
Real-world transaction activity and application development are rising, but ongoing selling pressure limits positive price action.
PI/USD shows strong bearish momentum, trades below key technical levels, with an 80% probability of moving toward the $0.0679–$0.0969 range.

Utility growth and real-world use fail to counter market headwinds

Recent updates confirmed that the Pi Network continued to expand its ecosystem, adding new applications such as Pi Chats, Fireside Forum, and the Brainstorm app to enhance community engagement and utility in the Web3 landscape. Efforts to establish a cross-chain bridge to other blockchains were also reported, enabling potential Pi Coin interoperability and integration with decentralized finance and digital marketplaces. Increased real-world transaction activity and further application development have been observed, as momentum in Pi's utility continues, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, sees persistent weakness in PI despite ongoing application rollouts in the Pi Network. He notes that trading below all major moving averages confirms a strong bearish bias. Kharitonov points to extreme oversold readings on momentum indicators, but cautions that technicals have yet to signal meaningful reversal. He observes that recent network developments have done little to offset prevailing negative sentiment and relentless selloff. "Downside risk remains dominant here — sellers are in firm control and oversold conditions alone do not justify buying," Kharitonov concludes.

Viktoras Karapetjanc, expert at Traders Union, believes Pi Network’s steady ecosystem expansion strengthens its fundamental outlook. He highlights recent cross-chain bridge efforts and increased real-world transaction activity as supportive growth drivers. Karapetjanc views this as a major opportunity for future adoption, regardless of current price weakness. He remains confident the ongoing utility developments position the project for long-term recovery. "Despite short-term volatility, Pi's ecosystem momentum offers significant upside potential for focused investors," says Karapetjanc.

Sholanke Dele, market strategist, sees little to signal a turnaround in sentiment for PI. He notes the intense selling pressure, worsened by persistent volatility, has eroded trader confidence. Dele emphasizes that high intraday swings reflect deeper risk aversion in the current environment. "Unless support holds and broader risk appetite improves, Pi is vulnerable to another sharp decline," he warns.

All-timeframe bearish momentum confirmed by clustered sell signals

PI/USD is trading below the 20-day ($0.1145), 50-day ($0.1274), and 200-day ($0.1671) moving averages, indicating persistent selling pressure across all time frames. The nearest resistance is at $0.0825, with support projected at $0.0679. The medium- to long-term alignment remains bearish, with the 50-day average staying below the 200-day. Momentum indicators are sharply negative: the MACD and ADX both issue sell signals, confirming strong downside momentum. The RSI at 16.66, CCI at -181.14, and Stochastic RSI at zero reflect extreme oversold conditions. The BBP at -0.0084 shows sellers in control intraday, with the Awesome Oscillator also pointing down, reinforcing the prevailing bearish tone. Intraday volatility is high at 11.15%.

Earlier, analysts noted that Pi was under persistent selling pressure amid ongoing ecosystem expansion, with technical weakness continuing to dominate sentiment. The latest decline and heightened volatility reinforce an entrenched bearish structure, making a sustained move below $0.0679 a critical downside risk for traders to monitor.

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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