{"id":1078,"date":"2025-03-26T17:22:00","date_gmt":"2025-03-26T17:22:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=1078"},"modified":"2025-03-26T17:04:00","modified_gmt":"2025-03-26T17:04:00","slug":"pi-networks-nosedive-end-pi-token","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/pi-networks-nosedive-end-pi-token\/","title":{"rendered":"Pi Network’s Continued Nosedive : Is This the End for PI Token ?"},"content":{"rendered":"\n

PI Network Facing a Lack of Buyers<\/strong><\/h2>\n\n\n\n

The Pi Network<\/strong>, the mobile mining cryptocurrency that generated excitement in the world of cryptocurrencies<\/a>, is currently going through a challenging phase. Despite a general market recovery, the PI token<\/strong> has continued to lose ground, dropping by 5%<\/strong> in the last 24 hours. This persistent downtrend<\/strong> raises concerns about its future<\/strong>.<\/p>\n\n\n

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

Key technical indicators <\/strong>reinforce the bearish outlook for the Pi Network. Its On-Balance Volume (OBV)<\/strong>, which tracks buying and selling pressure, has consistently dropped, hitting a historical low of -845.93 million<\/strong>. This drop of over 2,000%<\/strong> since the beginning of March signals a decline in market participation<\/strong> and liquidity<\/strong>.<\/p>\n\n\n\n

When an asset’s OBV plunges like this, it means buying activity is decreasing<\/strong> and selling is intensifying. This suggests that more PI traders<\/a> are getting rid of the asset rather than accumulating it, exerting downward pressure on its price.<\/strong><\/p>\n\n\n\n

Its Chaikin Money Flow has been negative since March 13, confirming this lack of interest<\/strong> and\/or profit-taking.<\/p>\n\n\n\n

Nevertheless, the RSI <\/strong>on a 3H timeframe signals a bullish divergence<\/strong>. Moreover, PI is in a strong demand zone. PI may still drop in the short term to $0.73.<\/strong> But the RSI divergence may indicate a short-term trend reversal as sellers weaken.<\/strong><\/p>\n\n\n\n

Furthermore, the Pi Network<\/a> <\/strong>has remained in a descending <\/strong>parallel channel, a pattern that reflects its medium-term bearish trend. Since reaching a historical peak of $3<\/strong> on February 26, PI has been moving within this bearish pattern, characterized by a series of lower lows and lower highs. This structure indicates that sellers are still in control<\/strong> and preventing any significant bullish momentum.<\/p>\n\n\n\n

Potential Further Decline for the Pi Network ?<\/strong><\/h2>\n\n\n\n

The increasing selling pressure on the Pi Network puts it at risk of breaking below the lower limit of the descending parallel channel. If this happens, the token’s bearish trend would intensify, pushing its price from $0.73<\/strong> to $0.62<\/strong>. However, if buyers regain control and buying activity increases, the Pi Network could reverse its current trend and rise to $1.13.<\/strong><\/p>\n\n\n\n

Beyond these support <\/strong>and resistance <\/strong>levels, the future of the Pi Network will depend on its ability to regain investors’ trust<\/strong> and foster sustainable buying momentum. The future developments of this mobile cryptocurrency<\/strong> will be closely monitored by the crypto community to understand the factors that will shape its long-term evolution.<\/p>\n\n\n\n

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Now at the last resistance

Freefall tomorrow \ud83e\udd75 pic.twitter.com\/ikl58ZcMFZ<\/a><\/p>— r\/PiNetwork (@PiNetworkUpdate) March 25, 2025<\/a><\/blockquote>