Market Indicators Flash Red: Is Pi Network Price Heading for Another Crash?

Technical signals scream warning as Pi Network faces potential freefall.

Bearish patterns emerge across multiple timeframes, suggesting another brutal leg down for the controversial cryptocurrency. Trading volume dries up while resistance levels hold firm—classic distribution signals that make traders nervous.

Key metrics turn sour

Moving averages converge in bearish formation as momentum indicators slide into oversold territory. The network's much-hyped mainnet launch fails to translate into price sustainability, leaving early adopters questioning their investment thesis.

Market sentiment tanks alongside developer activity, creating a perfect storm for downward pressure. Whales appear to be quietly exiting positions while retail investors remain trapped in hope-driven positions.

Another crypto project learning the hard way that hype doesn't pay bills—or support price floors. The charts don't lie, and right now they're spelling trouble for Pi holders banking on a miracle recovery.

Weak Momentum Keeps PI Under Pressure

PI’s falling Average True Range (ATR) reflects the weakening momentum among spot market participants. Readings from the PI/USD one-day chart show that this indicator has steadily trended downward since the sideways trend began on September 23 to reach 0.0234 at press time.  

The ATR measures the degree of price movement over a given period. When it trends downward like this, it typically indicates that price fluctuations are narrowing and overall momentum is weakening.

This decline highlights the dwindling trader participation in the spot markets and the lack of new capital inflows into the token, hinting at the likelihood of a breakdown of the support at $0.2565 in the NEAR term. 

Moreover, Pi trades solidly below its 20-day Exponential Moving Average (EMA), confirming this bearish outlook.  At press time, this key moving average forms dynamic resistance above PI’s price at $0.3185. 

The 20-day EMA measures an asset’s average price over the past 20 trading days, giving more weight to recent prices. When the price falls under it, sellers are in control, and market momentum is skewed to the downside. 

This signals that  PI is struggling to attract upward momentum and could extend its sideways movement, or even face fresh downside pressure if sentiment fails to improve.

Downside Risks Continue to Build

With trading momentum weakening, PI’s price action appears increasingly vulnerable to another breakdown. It could push below the $0.2565 support floor and revisit its all-time low. 

Conversely, if sentiment improves, PI could attempt to breach the resistance at $0.2919. A breakout above this level could mark the start of a recovery attempt, pushing PI’s price above its 20-day EM