Pi support pressure at $0.0702: Downside targets to watch
Pi (PI) is trading at $0.0742, down 9.52% for the day and ending near its intraday low. The asset remains below its key moving averages, reflecting prevailing downward momentum.
0.0777
0.0939
Highlights
- PI/USD remains in a persistent downtrend, trading below key short-, medium-, and long-term moving averages.
- Bearish momentum dominates as multiple indicators—MACD, ADX, and oscillators—converge on consistent sell signals.
- Expected trading range is $0.0702 to $0.0782 over the next 2–3 days, with further downside risk if $0.0702 support fails.
Bearish momentum as technical indicators align with strong selling
On the technical front, PI/USD continues to trade below the MA-20 at $0.0783 and MA-50 at $0.0807 on the hourly chart, while also staying well under the long-term MA-200 at $0.1579. Immediate resistance is identified at the Ichimoku Kijun level of $0.0785. Momentum signals remain negative, with both MACD and ADX in sell territory. RSI stands near 31 with a sell indication, Stoch RSI signals a strong sell, and CCI is also in sell. Bull/Bear Power confirms seller dominance. The session saw high volatility and a negative price gap of 0.0048, while the Awesome Oscillator remains neutral, offering no countertrend momentum.
Low breakout odds as volatility bands limit short-term moves
For the next 2 to 3 trading days, PI/USD is expected to move within a volatility band between $0.0702 and $0.0782. The likelihood of a significant upside move remains low, with a sideways trajectory within this range as the baseline scenario. A push above resistance at $0.0785 could enable a test of the upper end of the range, while a break below support at $0.0702 would open up further downside risk.
Earlier, analysts noted that Pi continued to face persistent bearish momentum, with no clear signals of a recovery. The current price action not only reinforces this downside bias but also highlights that a decisive break below $0.0702 would raise the probability of further losses in the days ahead.
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