Pi Network (PI) Price Analysis: Technical Indicators Signal Potential Crash Continuation

Technical analysis suggests that the Pi Network's native token (PI) faces a high risk of another price breakdown, as bearish momentum remains firmly in control. Following a recent all-time low of $0.1842 on September 22, the price has been trading sideways, but key indicators point to dwindling market interest and potential future downside.

📉 Key Bearish Signals and Price Context

The analysis identifies two primary technical indicators confirming the bearish outlook and the potential for a crash: Technical IndicatorReading/ActionInterpretationAverage True Range (ATR)Steadily declining to 0.0234.Indicates weakening momentum and narrowing price fluctuations, suggesting spot market participants are disengaging and new capital is not flowing into the token. This often precedes a breakdown of support.20-Day Exponential Moving Average (EMA)Price trading below the 20-day EMA (≈$0.3185).Confirms that sellers are in control of the trend. The 20-day EMA is currently acting as dynamic resistance, making it difficult for the price to attract upward momentum.Current Price ActionTrading sideways within a channel, finding support at $0.2565.The sideways movement, combined with weak momentum, suggests vulnerability. If the support at $0.2565 breaks, the price risks revisiting its all-time low. Ekspor ke Spreadsheet

⚠️ Downside Risks and Recovery Potential

Crash Signal: The confluence of a declining ATR and the price remaining below the 20-day EMA indicates that PI is struggling to attract buyers. This technical setup points to a high likelihood of the price breaking below its current support of $0.2565, which would likely send it back toward its recent all-time low.Recovery Hurdle: For any recovery to begin, PI must successfully breach the immediate resistance level at $0.2917. A definitive breakout above this level, and subsequently above the 20-day EMA (≈$0.3185), would be required to signal a genuine shift in market sentiment and the start of an upward trend.

🔐 Disclaimer

This article is a summary of a technical price analysis and does not constitute financial or investment advice. The cryptocurrency market is volatile and high-risk. Price predictions are speculative and based on current technical data. Always conduct your own research (DYOR) and consult with a professional financial advisor.

#PI