Pi price falls after $0.190 rejection — $0.130 liquidity floor now key test
Pi (PI) has entered a bearish structure after failing to retest $0.190, triggering a decisive breakdown and accelerated selling. The $0.190 level flipped to resistance and price dropped ~23.6% toward the $0.130 area, where a critical liquidity floor and absorption zone now sit. At the time of reporting Pi traded at $0.1444 and 24‑hour volume rose 126.75% to $35.3M, indicating aggressive distribution. If bids around $0.130 absorb the selling, Pi could stabilise and consolidate above recent lows; if $0.130 fails, price may sweep down into a low‑liquidity pocket near $0.115 and then toward the historical demand zone around $0.100. Broader crypto weakness and rising Bitcoin dominance are diverting liquidity away from altcoins, increasing downside risk for Pi until market conditions improve. Key levels: resistance $0.190; immediate support/liquidity floor $0.130; lower targets $0.115 and $0.100.
Bearish
The article describes a clear bearish breakdown: $0.190 flipped to resistance and selling momentum has accelerated, with volume spiking 126.75% to $35.3M — a classic sign of distribution. The immediate technical picture centers on the $0.130 liquidity floor as the next decisive test; failure would expose low‑liquidity zones around $0.115 and historical demand at $0.100, increasing rapid downside risk. Broader market conditions reinforce this bearish outlook: total crypto market cap fell ~5%, and rising Bitcoin dominance is rotating liquidity away from altcoins, reducing relative demand for Pi. For traders, the short‑term implication is elevated risk of further declines and potential volatility spikes on liquidity sweeps. Tactical considerations: tighten stops, avoid adding into the downtrend unless clear absorption (long lower wicks, firmer closes above $0.130 and declining sell volume) appears; if $0.130 holds with volume profile shifting to buys, short covering or low‑risk accumulation could be considered. Historically, similar altcoin rejections coupled with volume surges have resulted in quick tests of lower support and possible liquidity runs — reinforcing a short‑term bearish bias until confirmed accumulation or macro recovery occurs.