PI Breaks $0.13 as Sellers Target $0.10
Pi Network (PI) is down ~10% this week and has failed to hold the $0.13 support level. After hesitation near $0.13, PI slipped below it and $0.13 is now acting as resistance. If buyers cannot reclaim $0.13, the article expects renewed weakness and a move toward fresh lows.
Technicals highlight downside levels for PI traders: support near $0.10, with resistance at $0.13 and $0.16. The likely “magnet” for sellers is $0.10 if bearish momentum persists. Market structure remains bearish, with selling pressure building since mid-May and strengthening when PI broke below $0.13. Bulls briefly returned earlier in the week but failed to sustain price above the key level.
A constructive note is a possible bullish divergence on the daily RSI (higher RSI low), but the article stresses it is conditional. Traders are advised to wait for PI to form a base below $0.13 and then show confirmed recovery, rather than front-run a reversal.
Bearish
Both summaries agree that PI is losing a key technical level ($0.13), and the later update adds that $0.13 has fully flipped from support into resistance. With bearish market structure and selling pressure strengthening on the break, downside risk dominates and $0.10 is highlighted as the next likely target. Although daily RSI divergence is cited as a potential early warning for a reversal, it is explicitly conditional—PI must form a base and reclaim $0.13 to invalidate the bearish setup. Until that confirmation appears, traders are more likely to stay defensive or wait for a higher-confidence entry.