Pi Network (PI) drop 10% as $0.13 support fail
Pi Network (PI) drop 10% dis week an hit new low after e no fit hold $0.16. Traders dey now test PI main support around $0.13, wit selling pressure dey dominate di 3-day chart.
Di latest read show say bearish don control for 8 candles straight an sharp drop (~30%) as sell volume dey rise. Critical risk for PI na if $0.13 break an flip from support to resistance, dat fit make di downside quicken.
Di next downside target wey dem flag na $0.10 if di bearish momentum continue. Even though PI daily RSI dey below 30 (around 25), mean say e dey oversold an fit get small short-term bounce, di article talk say no clear reversal signal yet. For PI traders, near-term trade depend on whether $0.13 go hold.
Key levels: support at $0.13, then $0.10; resistance at $0.16 and $0.20.
Bearish
Both article dem agree say PI still under heavy selling pressure after e fail to hold above $0.16, so trend remain bearish. The newer update add one more actionable tactical risk: $0.13 dey get tested and fit flip from support to resistance—this kine event for history dey usually accelerate selling. Even though RSI don oversold for daily timeframe (which fit support short-term bounce), no clear reversal signal mean rallies fit more likely fade unless $0.13 hold and price reclaim resistance at $0.16. Downside follow-through toward $0.10 na the key bearish trigger, so immediate impact on PI expected to be negative for both short and near-term.