Pi Network (PI/USD) Experiences Bearish Breakouts
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Price Analysis: PI/USD Breaks Daily Bullish Trendline
Pi Network has maintained a bearish structure throughout the year, with price action consistently forming clean, technical patterns that favour downward continuation. The market has repeatedly produced clear lower highs and lower lows, reinforcing the broader downtrend. Along this decline, PIUSD has formed several recognizable bearish setups that triggered aggressive selloffs whenever the market attempted mild recoveries.
PI Network Key Levels
Demand Levels: $0.2000, $0.1500, $0.1000
Supply Levels: $0.2860, $0.4030, $0.5050
During the months of August and September, PIUSD initially created a descending triangle that served as a temporary consolidation within the overall bearish trend. In this phase, sellers held lower highs while buyers defended equal lows, creating compression ahead of a breakout. As the pattern progressed, the 30- and 50-period Moving Averages converged toward price, adding downward pressure. Consequently, this resulted in a convincing breakaway gap to the downside, validating the bearish continuation.
Later, from November into December, the moving averages once again acted as dynamic resistance. Furthermore, a bullish trendline that previously supported a brief pullback was broken decisively, signalling renewed bearish momentum. Ultimately, this confirmed that buyers lacked the strength to maintain higher levels.
Market Expectation
The latest breakout was catalyzed by a visible double-top formation, indicating strong seller dominance. Price action now moves toward the major swing low at $0.2000 with small, controlled bearish candles, suggesting steady distribution. Unless strong demand emerges, PIUSD is expected to continue pushing downward.
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