PI sinks nearly 13% as token slips below key moving averages

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Pi drops 12.61% today to $0.0636

Highlights

The Pi Network ecosystem is expanding with new platforms like Pi Chats, Fireside Forum, and Brainstorm to advance Web3 user collaboration.
PI cryptocurrency is expected to serve as the main medium of exchange after the mainnet launch, targeting payments, NFTs, and gaming integration.
PI/USD remains under strong selling pressure with momentum and oscillators indicating further downside and a projected five-day range of $0.0579 to $0.0693.

Ecosystem growth efforts met with continued market skepticism

Ongoing developments in the Pi Network ecosystem have been reported, including new community platforms like Pi Chats, Fireside Forum, and the Brainstorm app to build out a Web3 environment for user collaboration. The PI cryptocurrency is positioned to become the central medium of exchange within the network after the upcoming mainnet launch, with intended use cases such as payments, NFT transactions, and integration with gaming platforms. The network’s design around personal connections and its security model have continued to attract discussion as it progresses toward broader adoption, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, highlights the pronounced downside momentum in PI with all major moving averages acting as resistance. He sees sellers in total control, with technical signals like the oversold RSI and persistent negative oscillators confirming bearish sentiment across all timeframes. Kharitonov is skeptical of recent ecosystem developments, noting these have failed to inspire buyer flows or stabilize the price. He warns that breaking $0.0622 would likely push PI toward new lows, and sees little fundamental support at this time. "Until PI shows a sustained reclaim of key resistance, I expect further weakness and advise caution against bottom-fishing here."

Viktoras Karapetjanc, expert at Traders Union, identifies ongoing Pi Network ecosystem expansion as a positive fundamental driver. He believes new platforms and mainnet progress provide a strong foundation for future value creation, even as price consolidates under pressure now. Karapetjanc points out that real-world applications in payments and NFTs offer significant upside potential once macro sentiment improves. "The network's bullish structure remains intact and further growth is expected as adoption advances — market offers multiple setups for forward-looking investors."

Sholanke Dele, market strategist, sees persistent negative sentiment driving PI's decline despite positive community news. He notes that intraday volatility above 13% and oversold signals have not reversed the selling bias. Dele is wary of the low-probability reversal scenario, urging traders to remain risk-aware. "With sellers dominating and no relief in sight, I remain defensive and would not chase early entries here."

Negative momentum confirmed by oversold indicators and technical barriers

PI/USD currently trades below all key daily moving averages: MA-20 at $0.0768, MA-50 at $0.0819, and MA-200 at $0.1094. This configuration points to sustained negative momentum for short, medium, and long terms. Immediate resistance is at $0.0659, while support sits at $0.0622. Momentum indicators, including the MACD and ADX, confirm strong downside momentum. The RSI, Stochastic RSI, and CCI are all firmly in their oversold zones, indicating a move that is stretched but not suggesting an imminent reversal. Sellers remain dominant in intraday action as shown by negative Bull/Bear Power, with the Awesome Oscillator further supporting the current downtrend. Price has declined by $0.0092 or 12.61% on the day and remains close to the session low amid elevated intraday volatility of 13.18%. The tone is pressured with no immediate signs of relief.

Earlier, analysts noted that Pi’s price action remained under pronounced selling pressure despite ongoing ecosystem development efforts. This latest move reinforces that outlook, with downside risk prevailing and the $0.0622 level now serving as a crucial threshold for short-term direction.

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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