Following a bearish MACD crossover on PI’s price chart, technical indicators point to potential deepening losses for the token in the near term. This technical warning arrives alongside a significant liquidity event, amplifying concerns.
Approximately 312.29 million PI tokens, valued around $152 million at current prices, are scheduled to unlock within the next month. This substantial influx of tokens presents a considerable challenge against the backdrop of persistently weak bullish sentiment in the market.
The $0.40 price level emerges as a critical support threshold for PI stability. Analysts suggest that failure to maintain support above this level could precipitate further downward price pressure. Traders are advised to closely monitor MACD crossover developments and trading volume trends for indications of short-term price direction.
Further compounding bearish signals are recent on-chain metrics suggesting reduced engagement from the PI community. This decline in active participation reflects broader weak market sentiment surrounding the token, adding another layer of downward pressure on its valuation.