Pi Network (PI) Drops to New Low at $0.146 — Key Support $0.15, Resistance $0.20
Pi Network (PI) hit a new all-time low at $0.146 in late January and briefly rallied above $0.15, but the downtrend remains intact. Aggressive sell orders since early 2026 drove a sharp ~25% mid-January crash, with selling pressure continuing into February. Daily RSI is deeply oversold (below 30), signaling extreme bearish momentum but leaving open the possibility of a short-term bounce. Traders should watch immediate support at $0.15 and resistance at $0.20, which could cap any relief rally. Broader market weakness in BTC and ETH is exacerbating PI’s decline. Key SEO keywords: Pi Network price, PI price prediction, PI support and resistance, PI oversold.
Bearish
The article documents a fresh all-time low for PI, continued heavy sell pressure, and a daily RSI stuck in oversold territory — all classical bearish indicators. The 25% mid-January crash and ongoing large sell orders suggest supply dominance; without a clear reversal signal or strengthening from major market leaders (BTC, ETH), a sustained recovery is unlikely. Short-term: price may produce a relief bounce from extreme oversold conditions, testing resistance near $0.20; such bounces are often limited and followed by continuation if volume remains weak. Long-term: unless macro market conditions improve or PI-specific demand increases, the downtrend and the failure to hold above $0.15 imply further downside risk. Comparable episodes include deep oversold rebounds in small-cap altcoins during broader crypto sell-offs, where short-lived rallies occur before trend continuation. Traders should use tight risk management, watch volume and BTC/ETH direction, and wait for RSI recovery above 30 and a confirmed break above $0.20 before adopting bullish positions.