PI Token Extends Weekly Decline to 15% Amid Macroeconomic Headwinds
Pi Network's native cryptocurrency PI has extended its weekly losses to 15%, pressured by macroeconomic uncertainty and ongoing daily token unlocks. The downward trend continues as technical indicators show bearish signals.
Since reaching its peak of $3 on February 25, Pi has faced sustained selling pressure with insufficient demand to support its price. The Moving Average Convergence Divergence (MACD) indicator now displays the blue line solidly below the orange signal line—a traditional sell signal that may hasten the drop.
Market dominance by sellers is clear, with a negative Balance of Power (BoP) reading of -0.12. A negative BoP indicates strong selling momentum, often leading to further declines. For PI, this suggests the most likely direction remains downward.
