Pi Network Price Drops 28% to $0.459 Amid Bearish Signals

Pi Network's price has been on a downward trajectory, currently hovering around the $0.459 level. The price action has entered a critical demand zone, but there are no strong bullish signals yet. On the 4-hour chart, the price is trapped within a falling channel, marked by a descending trendline from the $0.64 high. Despite occasional bullish attempts, each breakout has failed to sustain, leading to successive Breaks of Structure (BOS) and Change of Character (CHoCH) zones favoring sellers.

Most recently, the price formed a weak low at $0.459, with another BOS forming just below. Liquidity resting under $0.44 now becomes the next magnet for short-term market interest. Sellers have consistently defended the $0.50–$0.55 imbalance zone, while upside volume has failed to penetrate the higher supply between $0.64 and $0.66.

The technical weaknesses across major indicators explain why the Pi Network price is going down. The 20/50/100/200 EMA cluster on the 4H chart is bearishly aligned, with the price trading well below all moving averages. The closest EMA, the 20 EMA at $0.488, is acting as dynamic resistance, keeping bulls capped. The Bollinger Bands are tightening, with the price hugging the lower band near $0.457 — often a precursor to volatility spikes. With candles forming small bodies and rejecting the midline, this confirms the lack of bullish strength.

On the 30-minute chart, the RSI hovers around 39.9, indicating weakening momentum but not yet fully oversold. The MACD histogram shows fading momentum, with the lines nearing a bearish crossover. Meanwhile, the Ichimoku Cloud signals continued downside. The price is trading below the cloud, with the Kijun-Sen and Tenkan-Sen offering no signs of a bullish crossover. The Lagging Span also remains under price action, reinforcing the bearish bias. The Directional Momentum Index (DMI) further confirms this setup, with a strong -DI line above +DI and a rising ADX near 56 — a signal of trending bearish strength.

Multiple pressure signals are in play. The Parabolic SAR is firmly above the price on the 30-minute chart, signaling that downside control remains intact. The VWAP indicator also sits at $0.465, now acting as an intraday resistance barrier. Looking at the Supply and Demand Visible Range, Pi is sitting at the top edge of a large demand block between $0.42 and $0.46. This zone has historically absorbed sell pressure, but a breakdown below $0.44 could open doors to a larger liquidity sweep into the $0.40–$0.41 region. At the same time, BBP (Balance of Power) on the 4H is in negative territory (-0.027), reinforcing the control bears currently maintain.

If bulls cannot reclaim the $0.465–$0.470 VWAP and EMA zone, the path of least resistance remains downward. A clean break below $0.456 would likely trigger a sweep toward $0.44, and possibly as low as $0.407 — the next visible low and key structural demand. On the other hand, if the Pi Network price rebounds off the current support and closes above $0.470 with volume, the next resistance comes into play at $0.488 (20 EMA) and then $0.501 (50 EMA). However, these zones are heavily defended and will require strong momentum and structure flip to overcome. For now, the setup favors cautious bears, while bulls must defend $0.44 to avoid deeper downside continuation.