Pi support test at $0.0711: Technical outlook

Traders Union
All News
Crypto
Pi drops 7.21% today to $0.0772

Highlights

Pi Network distributed its SLICE testnet token to nearly 480,000 users, boosting community engagement and protocol development.
New testnet features, including liquidity pool tools and price tracking, aim to encourage simulated market participation while mainnet technical work continues.
PI/USD faces sustained bearish pressure with all key indicators negative, trading is expected between $0.0711 and $0.0808 with downside risk prevailing.

Testnet distribution boosts community engagement amid ongoing mainnet delays

Pi Network has completed the distribution of its SLICE testnet token to nearly 480,000 participants, expanding community involvement in protocol development and centering short-term activity around the Testnet, according to Cryptopotato. This rollout was accompanied by the introduction of new liquidity pool testing tools and price tracking features for participants, as reported by Thecoinrepublic, which aim to deepen simulated market engagement while isolating experimental activity from the main chain. Further, Themarketperiodical cited ongoing advancements in the Mainnet launchpad process, signaling incremental technical progress, though price action has remained under broader selling pressure.

Bearish momentum confirmed as indicators align below key resistance

On the technical front, PI/USD remains below the MA-20 and MA-50 on the h1 timeframe and also sits well under the long-term MA-200. The Ichimoku Kijun level at $0.0803 stands as immediate resistance for any recovery attempts. Momentum readings from MACD and ADX continue to flash negative, highlighting strong selling across sessions. Oversold conditions are confirmed by RSI, Stoch RSI, and CCI, all sitting deep in negative territory, while Bull/Bear Power shows sellers dominating the intraday tape. The Awesome Oscillator is currently neutral, and there are no notable divergences between momentum and oscillator signals, which reinforces a unified downside bias.

High downside risk persists as range-bound trading dominates outlook

In the short term, PI/USD is expected to consolidate within the $0.0711 to $0.0808 trading range across the next two to three sessions, with intraday volatility likely to remain elevated. The probability of a further downward move is high, while the chance of a decisive upward reversal is quite limited at this stage. A baseline scenario envisions sideways action unless a decisive break occurs; a move above the $0.0803 resistance would be needed for a bullish scenario, while a drop through the $0.0711 support could open the door to further losses.

Viktoras Karapetjanc, Traders Union expert, sees the SLICE testnet rollout as a constructive step toward stronger community engagement and greater transparency from Pi Network. He believes the recent technical softness is largely driven by broader market sentiment rather than a shift in development fundamentals. While downside pressure prevails, ongoing Mainnet progress keeps long-term enthusiasm intact. "If Pi Network sustains this focus on transparent protocol advancement, I expect renewed investor confidence to follow any technical stabilization above $0.0803."

Earlier, analysts noted that Pi faced persistent bearish momentum and lacked clear signs of a shift toward buyer control. The latest developments reinforce this downside bias, making sustained price action above $0.0803 the key signal for any potential reversal.

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.