#PI PI Network is in trouble, technical outlook remains bearish
Since PI hit its all-time low of $0.1842 on September 22, it hasn't shown any improvement and is now oscillating between $0.2565 and $0.2917. What's the key issue? Momentum has completely collapsed.
The ATR indicator has been steadily declining to 0.0234 since September 23, indicating narrowing price swings and severely insufficient market participation, with no new capital in sight. At the same time, PI is stuck firmly below the 20-day EMA (current resistance at $0.3185), which is a classic bearish signal—sellers have full control.
In short: the risk of a breakdown is high. If the $0.2565 support fails to hold, PI could retest its all-time low at any time. On the flip side, only a breakout above the $0.2919 resistance would open up the possibility for an upward move. But for now, that seems unlikely.
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GateUser-f29f7728
· 11-22 01:23
Pi complies with the ISO20022 standard and is regulated by the EU MIC. I ask, out of tens of thousands of coins, how many comply?
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SleepAt4am
· 11-22 00:53
Why are you in such a hurry? It's only been a short while.
#PI PI Network is in trouble, technical outlook remains bearish
Since PI hit its all-time low of $0.1842 on September 22, it hasn't shown any improvement and is now oscillating between $0.2565 and $0.2917. What's the key issue? Momentum has completely collapsed.
The ATR indicator has been steadily declining to 0.0234 since September 23, indicating narrowing price swings and severely insufficient market participation, with no new capital in sight. At the same time, PI is stuck firmly below the 20-day EMA (current resistance at $0.3185), which is a classic bearish signal—sellers have full control.
In short: the risk of a breakdown is high. If the $0.2565 support fails to hold, PI could retest its all-time low at any time. On the flip side, only a breakout above the $0.2919 resistance would open up the possibility for an upward move. But for now, that seems unlikely.