Pi Network price bounce fades as sellers stay dominant, OBV/CMF bearish
Pi Network (PI) made a 7% bounce from the $0.073 weekly low, but the broader structure remains bearish. Since April 2025, PI has printed lower highs and lower lows, and the March 2026 rebound failed to form a bullish setup.
On July 19, PI briefly surged to $0.104, likely a sweep of liquidity near the $0.10 round-number resistance. Price later dropped about 21% in the following two weeks.
Volume and flow indicators point to persistent selling: OBV has trended lower throughout 2026, while CMF fell below -0.05 in July before only recently moving back to neutral. RSI sits at ~37 and has stayed below the 50 level since May, reinforcing bearish momentum.
Key levels: the $0.113–$0.124 zone (Fibonacci golden pocket) is a near-term upside barrier. Buyers’ attempt to reclaim $0.10 was rejected earlier this month. For a recovery attempt, the $0.083–$0.085 area needs to flip into support. Without renewed demand, further downside is likely.
Trading takeaway: a bounce toward $0.10–$0.125 may offer swing traders a potential sell zone, rather than signaling a sustained reversal. The article also notes protocol v25 upgrades and a recent liquidity pool involving SLICE and Test-Pi, but charts still favor sellers in the near term.
Bearish
The article frames the PI crypto value bounce as a short-lived liquidity reaction rather than a trend change. Persistent downtrend structure (lower highs/lower lows), falling OBV, and CMF below -0.05 earlier in July collectively argue that sellers still control demand. Even though RSI has not collapsed further, it remains under 50, which often precedes continuation of the sell-off in similar momentum regimes.
In the short term, traders may see rallies into $0.10–$0.125 as likely to face supply again (the prior rejection zone). This aligns with past “sweep then dump” behavior: price spikes to clear stops near round numbers, then retraces as real buyers fail to step in.
For longer-term behavior, a sustained bullish reversal would require PI to reclaim and hold above the Fibonacci golden pocket ($0.113–$0.124) while also flipping $0.083–$0.085 into durable support. Without that, the probability favors deeper drawdowns and choppy bounces that get sold quickly.