Pi Network’s token price collapsed by 35% to reach an unprecedented low of $0.40 during recent trading, before staging a minor recovery to approximately $0.55.
The sustained bearish momentum is confirmed by MACD technical indicators showing ongoing downward pressure. This decline coincides with deteriorating market sentiment, hindering prospects for immediate price recovery as investors avoid accumulation positions.
Critical technical support now resides at the $0.51 threshold. Failure to hold above this level risks extending losses toward $0.45. Conversely, should recovery gain traction, resistance is expected at the $0.57 and $0.61 price zones.
Sentiment metrics reveal a persistent negative outlook among market participants, contributing to prolonged selling pressure. Market analysts note that any meaningful bullish reversal would necessitate both improved market fundamentals and a decisive shift in investor confidence—conditions currently absent.
The combination of weak technical structure, deteriorating sentiment, and absence of positive catalysts presents significant challenges for Pi Network’s short-term price trajectory.