Pi Network is falling today: what traders are watching

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Pi Network Slides 10.00% Today

Highlights

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Anton Kharitonov, expert at Traders Union, sees Pi Network trading in a weak technical state, with clear bearish signals dominating. He notes that the price is below all crucial moving averages, reflecting a structurally vulnerable trend. Despite a buy signal from the MACD, Kharitonov highlights the low ADX and dominance of sellers on the day as key risks. He finds the absence of news flow concerning, suggesting no supporting sentiment to induce a rebound. "Until critical resistance at $0.2444 is reclaimed and volume picks up, I see little reason to expect a sustained recovery here."

Viktoras Karapetjanc, expert at Traders Union, recognizes a volatile setup but emphasizes untapped upside potential for adaptive traders. He points to signs of hidden bullish interest from the Awesome Oscillator and sees room for the bulls if the Kijun level is breached. The lack of recent news may lead to low confidence, yet this also keeps downside exhaustion in play. "If buyers manage to assert strength above $0.2444, the market could shift quickly and offer long setups — bullish structure remains accessible on a technical break."

Conflicted momentum as bearish volatility overshadows weak trend signals

Technical signals remain conflicted. Despite the daily MACD issuing a Buy signal, trend strength is weak with ADX at only 17.38. The RSI is neutral-to-bullish at 51, while the Stoch RSI is deep in oversold and CCI is neutral. Daily bull/bear power tilts toward buyers but loses momentum on shorter timeframes. The Awesome Oscillator is positive, suggesting some hidden bullish interest; however, a steep 10% drop, a gap down at the open, and trading near the session's low reflect sustained bearish dominance and high intraday volatility. Resistance is near the Ichimoku Kijun at $0.2444.

Previously it was reported that PI was trading below its key moving averages with ongoing short-term selling pressure, while technical indicators like MACD and Stoch RSI reflected mixed but generally bearish momentum. Support is seen near the 50-day average and resistance aligns with the Ichimoku Kijun, suggesting continued consolidation until a decisive move occurs — see the base scenario is for continued sideways within the prevailing volatility band.

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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