Pi Network (PI) Nears Record Low — Could Drop Further Despite Oversold Signals

Current Market Overview

Pi Network’s native token, PI, has suffered a 25% decline over the past week, sinking to its lowest level since February 22, 2025. The drop stems from heavy selling pressure and weakening demand, pushing PI just 14% away from retesting its all-time low of $0.62.

As Q2 2025 progresses, traders are closely watching key technical indicators to determine whether PI will rebound or continue its downtrend.

---

Technical Analysis: Bearish Patterns Signal Further Downside

1. Descending Triangle Formation (4-Hour Chart)

🔴 Bearish Pattern Confirmed

• PI has been trading within a descending triangle, a typically bearish continuation pattern.
• The upper trendline (resistance) has been consistently pushing prices lower.
• A break below support (0.70)∗∗couldtriggera∗∗sharpdroptoward0.70)∗∗couldtriggera∗∗sharpdroptoward0.62 (all-time low).

📉 Key Levels to Watch:

• Breakdown Target: 0.62(ATL)∗∗→Ifbroken,nextsupportat∗∗0.62(ATL)∗∗→If broken,next supportat∗∗0.50.
• Bullish Reversal Scenario: A breakout above $1.00 could invalidate the downtrend.

📊 Chart:

---

2. Oversold RSI But No Reversal Yet

📉 RSI at 26.18 (Extreme Oversold)

• An RSI below 30 suggests an asset is oversold, often preceding a bounce.
• However, no bullish divergence or reversal signals are visible yet.
• Caution: Oversold conditions can persist in strong downtrends.

📊 Chart:

---

3. EMA Confirms Bearish Trend (Daily Chart)

📉 Price Below 20 EMA (Bearish Signal)

• The 20-day EMA (blue line) acts as dynamic resistance.
• PI’s failure to hold above it confirms continued bearish momentum.
• Next major support: 0.62(ATL)∗∗,withriskoffallingto∗∗0.62(ATL)∗∗,with risk of falling to ∗0.50.

📈 Potential Recovery Scenario:

• If PI reclaims $1.00, next targets:
  • $1.53 (0.382 Fib level)
  • $2.00 (0.618 Fib level)

📊 Chart:
(Insert daily chart with EMA and Fibonacci levels)

---

Final Verdict: High Risk of New Lows

✅ Bearish Case (70% Likelihood):

• Breakdown to 0.62(ATL)∗∗,possibly∗∗0.62(ATL)∗∗,possibly∗∗0.50.
• No strong buy signals yet.

🟡 Bullish Case (30% Likelihood):

• Only if PI breaks $1.00 with strong volume.
• Targets: 1.53→1.53→2.00.

🔴 Key Risk: If Bitcoin & altcoin markets remain weak, PI could see further capitulation.

📌 Trading Strategy:

• Short-term traders: Wait for confirmation of breakdown or reversal.
• Long-term holders: Watch for accumulation near $0.62.