Pi Network price is forming short-term support around $0.20, but continued selling pressure suggests the token could slide further to a new low near $0.15.
Summary
- Pi Network price is forming short-term support around $0.20, but continued selling pressure could push the token to a new low near $0.15.
- The daily RSI is heavily oversold and Volume Delta is showing selling dominance, although a recovery to $0.25-$0.30 is possible if $0.20 holds and volume increases.
PI Network price technical analysis
The price of Pi Network (PI) continues its downtrend after recently dipping below the key $0.25 level, with selling pressure increasing on October 10 amid the broader market carnage caused by renewed trading tensions. The token fell by almost 12% that day.
PI has now fallen to the $0.20 zone, where it appears to be creating a short-term support base. The daily RSI remains deeply oversold, while Volume Delta data suggests that selling pressure continues to dominate, with no clear signs of accumulation emerging yet.
If the $0.20 support holds, a technical recovery towards $0.25-$0.30 could occur, especially if accompanied by rising volume. However, failure to defend this level could open the door to new lows towards $0.15.
The Pi Network team is cooking
Despite Pi Network’s continued price decline, the Pi Core Team has been advancing the network’s ecosystem. On October 2, they launched Pi DEX on the Testnet, introducing AMM liquidity pools, token creation tools, and full DeFi functionality for pioneers and developers to explore.
The reason it’s only on Testnet, according to the team, is to “Train Pioneers, Refine Projects Safely, and Prepare for Mainnet DeFi with Real Pi.”
Disclosure: This article does not represent investment advice. The content and materials on this page are for educational purposes only.
