PI price risks falling below $0.22 as bearish momentum mounts
Pi Network (PI) has come under short-term selling pressure and could slip below the $0.22 support if current bearish momentum continues. On-chain data from PiScan shows a 24-hour net inflow to centralized exchanges of about 990,000 PI (2.75M deposits vs 1.76M withdrawals), signaling increased supply pressure as holders move tokens to exchanges—a common precursor to selling. The PI/USD 4‑hour chart is bearish: PI is down ~2% in 24 hours and trading around $0.2267. Technical indicators point lower — RSI at 37 approaching oversold territory and MACD in the bearish region. Immediate downside risk targets the Monday low of $0.2204 and a larger support near $0.1919. On the upside, a bullish recovery would need to break last week’s high at $0.2841 to target the August 1 level near $0.3220. For traders, watch CEX inflows, RSI and MACD on the 4‑hour chart, and the $0.220–$0.1919 support zone for short-term trade decisions. Primary keywords: PI, Pi Network price, PI price forecast. Secondary/semantic keywords included: CEX inflows, RSI, MACD, support, resistance, bearish trend.
Bearish
The article reports concrete on-chain signals and bearish technicals that point to near-term downside for PI. A sizeable 24-hour net inflow to centralized exchanges (2.75M deposits vs 1.76M withdrawals) increases available sell-side supply — historically a reliable short-term bearish signal when combined with rising exchange flows. The 4‑hour technical indicators are weak: price down ~2%, RSI ~37 moving toward oversold, and MACD in a bearish configuration. Key supports at $0.2204 and $0.1919 are the immediate risk levels; failure to hold $0.220 would likely prompt additional selling as stop-losses and short positions trigger. Conversely, a sustained reclaim of $0.2841 would be required to flip momentum bullish, but current data do not support that scenario. Therefore the expected market impact is bearish short term, increasing volatility and downside pressure; the longer-term outlook depends on whether on-chain outflows resume and whether PI can form a base above the stated supports. Similar episodes (large CEX inflows + bearish 4‑hour indicators) in altcoins typically led to multi-day corrections before consolidation or recovery once exchange flows abated.