Pi Network hits historic low and concerns the market
11:15 ▪ 4 min of reading
Information ▪ Altcoins
As the euphoria fades increasingly in the crypto market, Pi Network, already controversial, has just brushed against a new historic low. Officially, the global context is the cause. However, technical signals paint an even gloomier picture: absence of rebound, weakness of volume, indicators in red. Doubt settles in. Is Pi Network losing control of its trajectory?
In brief
The PI token of Pi Network has just brushed against a new historic low, accentuating doubts about its market dynamics.
Several technical indicators (ATR, EMA 20) point to a possible break of support and a risk of new decline.
The analysis reveals a marked weakness in volatility and a clear absence of bullish recovery.
The drop in trader participation and the absence of capital inflow worsen the situation.
A confirmed bearish dynamic by the indicators
Since September 22, the PI token has stagnated after reaching a historic low of 0.1842 $, despite the launch of the update V23. It now oscillates between a support at 0.2565 $ and a resistance at 0.2917 $, failing to initiate the slightest significant rebound.
This situation illustrates the market's inability to generate a rebound dynamic, despite a historically low level.
