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PI Network Faces Bearish Pressure as Smart Money Exits — Is a Deeper Crash Imminent?
PI Network Faces Bearish Pressure as Smart Money Exits — Is a Deeper Crash Imminent?
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network's token continues to face intense bearish pressure as experienced investors lose confidence in a near-term recovery. The PI/USD pair has struggled to reclaim its July 4 closing level of $0.46, which now acts as a strong resistance zone. Technical indicators reveal a concerning trend: prices remain below the Ichimoku Cloud's Leading Spans A ($0.51) and B ($0.63), signaling persistent downward momentum.
The Smart Money Index has dropped 9% since June 25, now standing at 1.22, reflecting growing institutional skepticism. Market veterans interpret the Cloud's red signals not as temporary volatility but as a prolonged storm with no clear resolution. When 'smart money' exits, retail traders often bear the brunt of delayed reactions.
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