Pi Network (PI) Slides 13% as Bearish Pressure Builds

• Pi Network (PI) trades at $0.6363 after a 13.32% daily drop.
• The market cap plunges to $4.34B as volume falls 16.86%. CMF at -0.09 signals continued capital outflow.

Pi Network (PI) has extended its losses, now trading at $0.6363 after a sharp 13.32% drop over the last 24 hours. The market cap declined to $4.34 billion, down 13.15%, reflecting a sharp drawdown in investor interest

At the same time, trading volume dropped 16.86% to $913.87 million, bringing the market cap ratio to 21.25%, which signals elevated selling pressure. Pi’s fully diluted valuation (FDV) remains high at $63.62 billion, with 6.83 billion PI in circulation out of a 100 billion maximum supply.

Pi Network Struggles Below Resistance

Technically, Pi is trading below the $0.70 resistance level, which recently rejected the upside move. A break above this threshold could push PI toward $0.85, though the momentum remains weak. On the downside, the $0.50 level acts as firm support. If that collapses, PI could slip further toward $0.42.

The Relative Strength Index (RSI) sits at 50.42, while the RSI average trails at 40.31. This indicates mild bullish divergence, although it lacks strong conviction. If RSI sustains above 50, upward momentum could gradually return. However, immediate reversal signals remain limited.

The Chaikin Money Flow (CMF) prints at -0.09, highlighting persistent capital outflows. A CMF below zero reflects weak accumulation and a lack of buying strength. For bullish reversal confirmation, CMF must cross into positive territory with volume backing the move.

Meanwhile, the moving averages show no bullish crossover. The short-term average remains under the longer-term trend, underlining a bearish market structure. A potential crossover may only form if volume spikes and price sustains above resistance. Without this shift, sellers retain control of the trend.

Volatility remains elevated, as shown in the wide candle spreads, particularly during the sharp wick toward $0.85, which was quickly rejected. That price action confirms the bears’ presence near upper resistance zones and the lack of support to sustain rallies.

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