PI Network Resumes Freefall Toward Historical Low Amid Strong Selling Pressure
PI Network’s PI token is in freefall, dropping below key support levels and facing strong selling pressure. Despite this, the Chaikin Money Flow indicator hints at possible buying interest, potentially stabilizing the token.
PI Network’s native token PI is once again under pressure. The token’s price has dipped below a crucial support level as investor interest in the altcoin continues to wane.
Market sentiment has turned increasingly negative, raising fears that PI could soon revisit its all-time low of $0.32.
PI Faces Strong Downward Momentum
Today’s broader market decline has weighed on PI’s price. It has witnessed a 4% drop, pushing it below the critical $0.37 support level, a zone that had prevented deeper losses since August 1.
At press time, PI trades at $0.36, with trading volume surging 104%. A rising trading volume alongside a falling price signals heightened selling pressure, as more market participants are offloading their positions.
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
PI Price and Trading Volume. Source:
Santiment
This combination confirms the strong bearish sentiment against PI, suggesting that the downward move may continue unless new buying interest emerges to stabilize the market.
Moreover, the altcoin’s negative Balance of Power (BoP) supports this bearish outlook. As of this writing, the indicator is at -0.66 and trending lower, highlighting the weakening demand for PI.
PI BoP. Source:
TradingView
The BoP indicator measures the strength of buyers versus sellers in a market. It calculates whether bulls or bears are dominating price movements over a given period. A positive BoP indicates buying strength, while a negative BoP signals selling pressure.
PI’s negative BOP signals sellers exert more influence over price action than buyers. It is a bearish signal that indicates further downside pressure on PI if the trend continues.
PI Nears All-Time Low; Traders Eye $0.37 Support Reclaim
Intensifying sell-side pressure could push PI toward its all-time low of $0.32, and if buyers fail to defend this critical support zone, the altcoin could slide even further. However, there is a catch.
PI’s Chaikin Money Flow (CMF) is trending upward, currently reading 0.04, signaling a bullish divergence. An asset’s CMF forms a bullish divergence with its price when it returns a positive value during a period of price decline.
This suggests that despite recent selling pressure, buying interest is starting to emerge.
PI Price Analysis. Source:
TradingView
If buyers continue to step in, PI could rebound, reclaim its $0.37 support, and even attempt to breach the $0.40 level in the short term.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How much CPO demand will Nvidia Rubin Ultra generate? Bernstein: Optical value per Pod will increase fivefold
Bernstein believes that the co-packaged optics (CPO) and fiber demand driven by Nvidia's Rubin Ultra architecture will surge significantly, with the optical content per Pod rising from $1 million to $5.4 million. This will propel the size of Nvidia's optical ecosystem market to $46.8 billion by 2028 (a 91% annual increase). Although the industry faces supply bottlenecks with InP substrates, the outlook remains positive. The institution reiterates its “outperform” rating for Lumentum, Coherent, and Ciena.
UBS Q3 implements a two-way strategy with gold options, heavily invests in technology stocks, and builds positions in SK Hynix (SKHY.US)
UBS Group (UBS.US) has submitted its Q3 holdings report (13F) as of September 30, 2026.
SpaceX (SPCX.US) reportedly attempts “de-Nvidiaization” at the rack level: developing Kessel cabinets to bypass L6 compute boards, purchasing only chips
SemiAnalysis: SpaceX has developed its own Kessel cabinet, bypassing Nvidia's L6 cards to provide more options for manufacturing its own hardware.
$3.7 billion “data center power equipment prepayments” abandoned! What did "the most active buyer of gas turbines", SoftBank, see?
In the second quarter of fiscal year 2026, SoftBank reported a net loss of $7.1 billion, primarily due to a $3.7 billion impairment charge from a $9.5 billion advance payment for power generation equipment for US data centers—of which about $2.9 billion was non-refundable and effectively lost. The CFO admitted that SoftBank placed orders before the project plan was finalized, and is now conducting a comprehensive review of its procurement strategy. "The most aggressive purchaser of gas turbines has now written off the deposit in this way."
Crypto prices
More
