Pi Network risks drop to $0.20 as bullish volume fades
Pi Network (PI) shows weakening momentum as bullish volume around the $0.22 point of control (POC) fades. Price is trading near $0.22 with reduced demand compared with prior rebounds, suggesting liquidity is building beneath this support. Traders expect a likely sweep below $0.22 to capture that liquidity, which would target the $0.20 value area low as the next major support. A defensive bounce from $0.20 could restore the range and push PI back toward $0.22 and the upper resistance at $0.25. Short-term downside risk is heightened by 190 million tokens due to unlock, which may add selling pressure. Pi’s strategic investment in CiDi Games is noted but has not affected near-term price action. Key figures: current trading around $0.22, immediate support $0.20, resistance $0.25, 190M tokens unlocking. Primary keywords: Pi Network, PI price, bullish volume. Secondary/semantic keywords: liquidity sweep, point of control, value area low, token unlock, short-term correction.
Bearish
The article highlights weakening bullish volume at the $0.22 POC and growing liquidity beneath that level, classic technical signs that increase the probability of a downside liquidity sweep. The imminent unlock of 190 million PI tokens adds an identifiable supply risk that can amplify selling pressure. Together these factors raise short-term correction risk toward the $0.20 value area low. Historical parallels: altcoins with fading demand at a POC and large token unlocks (e.g., past mid-cap altcoin drops) often see a wick below support as stop-losses and passive orders are collected before any recovery. If $0.20 holds with buying interest, the market can re-establish the range and potentially retest $0.22–$0.25. If it fails, a deeper re-pricing and extended volatility are likely. For traders: consider tightening stops, reducing position size ahead of the unlock, or waiting for confirmation of support at $0.20 before adding exposure. Short-term bias is bearish; long-term impact depends on token distribution after unlock and fundamental adoption (ecosystem developments like the CiDi Games stake), which could stabilise price if sell pressure is absorbed over time.