⚠️ Pi Network Faces Critical Breakdown — Will Bears Win This Round?
Pi Network (PI) is under heavy bearish pressure, slipping toward a make-or-break support at $0.3700 — the neckline of its Adam and Eve pattern.
Price Action: After peaking at $0.4661 on Sunday, PI has fallen below $0.4000, with a fresh 3% drop on Tuesday following Sunday’s 9% crash.
Volume Shock: Trading activity is down 30% in 24 hours, signaling hesitation among traders.
Technical Outlook: On the 4H chart, PI failed to sustain above the 200 EMA ($0.4253), triggering a bearish reversal below both the 50 EMA ($0.3884) and key psychological levels.
Pattern Risk: Similar to mid-July’s breakdown, a neckline breach could spark a 10% drop, potentially retesting last week’s low of $0.3334.
Momentum Indicators: RSI at 43 and MACD histogram deep in the red suggest sellers remain in control.
📌 Bullish Hope: Only a recovery above $0.4000 could revive upward momentum toward $0.4253 resistance.