{"id":10339,"date":"2025-06-23T12:45:00","date_gmt":"2025-06-23T11:45:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=10339"},"modified":"2025-06-23T12:15:13","modified_gmt":"2025-06-23T11:15:13","slug":"pi-network-plunge-fall-week","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/pi-network-plunge-fall-week\/","title":{"rendered":"Pi Network Continues to Plunge : How Low Could It Go This Week ?"},"content":{"rendered":"\n

A Dull Period for Pi Network<\/h2>\n\n\n\n

The Pi Network continued to plummet, intensifying selling pressure due to macroeconomic uncertainty and ongoing token unlocks. PI is struggling below the 20-day exponential moving average, indicating potentially more significant losses.<\/strong><\/p>\n\n\n\n

Since its all-time high of $3<\/strong> on February 25, PI has recorded consistent weekly losses, with no significant influx of demand to halt the slide. Investors<\/a> are concerned about global economic uncertainty and the daily releases of Pi tokens, which continue to weigh heavily on market sentiment.<\/p>\n\n\n

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\"PI<\/figure>\n<\/div>\n\n\n

The MACD indicator<\/a> readings of the token reflect this growing bearish trend. Currently, the PI’s MACD line (blue) is below the signal line (orange), indicating a decline in buying activity.<\/strong> Traders view this setup as a sell signal, which could exacerbate the downward pressure on the token’s price.<\/p>\n\n\n\n

Furthermore, PI’s negative Balance of Power (BoP)<\/strong> indicator, at -0.12,<\/strong> indicates that sellers remain firmly in control of the market, with little resistance from buyers. These negative readings reinforce the bearish outlook, suggesting that selling momentum could persist unless new demand emerges.<\/p>\n\n\n\n

Key Support Level Under Pressure<\/h2>\n\n\n\n

Nevertheless, the RSI is in oversold<\/strong> territory, and the Woodies CCI is starting to indicate a bullish reversal, showing divergence<\/strong> and higher lows. However, a drop to the $0.43<\/strong> zone seems inevitable unless there is a substantial influx of capital.<\/p>\n\n\n\n

Currently, PI is trading at $0.5<\/strong>, trading below its 20-day exponential moving average (EMA), which forms a dynamic resistance above its price. When an asset trades below its 20-day EMA, it indicates short-term bearish momentum and potential for further downside.<\/p>\n\n\n\n

If sellers maintain control, they could push the token’s price to revisit its historical low at $0.40.<\/strong> However, a rebound could propel the Pi Network token above the 20-day EMA and towards $0.79.<\/strong><\/p>\n\n\n\n

In summary, Pi Network is going through a challenging period, with a weekly drop of 15%<\/strong> despite a gloomy cryptocurrency<\/a> market. Technical indicators highlight the dominance of sellers and the bearish momentum, suggesting that the toughest phase might not be over for the token. Investors will need to stay vigilant and ready to adapt to changing circumstances.<\/p>\n\n\n\n

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Register on Bybit today<\/a><\/div>\n<\/div>\n\n\n\n

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