Pi Network Is Facing a Price Drop: Is a Significant Decline Coming?

The recent price volatility of Pi Network has shown a clear decline, signaling the potential for continued losses. The market situation has worsened for this altcoin, with increasing caution from investors that could lead to further drops. As sentiment weakens, Pi Network may face sustained downward pressure. Pi Network is Losing Its Appeal to Investors The Chaikin Money Flow indicator (CMF) indicates an increasing outflow of money for Pi Network, signaling a growing sell-off by investors. CMF is currently slightly below the zero line, indicating that selling pressure is exceeding buying pressure. If this trend continues, it may indicate weakening confidence and trust among holders. The increase in outflows compared to inflows reflects hesitation and a loss of confidence in the short-term potential of Pi Network. Investors appear to be increasingly cautious, leading to more selling that could put pressure on prices.

Pi Network is currently undergoing an active price squeeze, as indicated by the price squeeze momentum indicator. The black dots on the chart signal periods of low Volatility, often followed by a release marked by green dots when the price moves sharply. The current price squeeze is creating bearish momentum. With the prevailing negative momentum, the upcoming volatility release is likely to drive the price to fall rapidly. This technical pattern often precedes significant downward moves, reinforcing the bearish outlook for Pi Network.

PI Faces Volatility Pi Network is trading at $0.67 after losing the important support level of $0.71 in the past 24 hours. This breach indicates that the altcoin may continue to fall in the coming days as pessimistic sentiment increases. The immediate local support level is at $0.61. If Pi Network cannot hold this level, the price could fall further to $0.57. Such a move would deepen losses for investors and prolong the downward trend.

On the contrary, if Pi Network attempts to reclaim the support level of $0.71, it could ignite a recovery. A rise above $0.78 would signal new buying interest and invalidate the short-term bearish argument, potentially reversing the negative trend.