Pi Network (PI/USD) Is Set for a Bearish Breakout
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Price Analysis: PIUSD Reaches support zone of 0.19820
Pi Network is currently undergoing a redistribution phase, during which the broader downward trend briefly paused. A bullish trendline supported a short-lived pullback, providing temporary relief to price action. However, this support failed to hold. As a result, selling pressure intensified, forcing price to spill over into the next key support level at $0.19820. This move confirms weakening demand and reinforces the prevailing bearish market structure.
PI Network Key Levels
Demand Levels: $0.2000, $0.1500, $0.1000
Supply Levels: $0.2860, $0.4030, $0.5050
PIUSD previously formed a clear double top pattern, with a lower high established at $0.28580. This pattern acted as a strong reversal signal and accelerated the continuation of the downside move. Furthermore, the double top aligns with a bearish divergence on the Relative Strength Index, where momentum printed a lower high despite price attempting to stabilize.
The smoothed Heikin Ashi candles have turned red, signaling sustained bearish momentum and confirming trend continuation. In addition, the RSI remains deeply bearish as price drifts into oversold territory, suggesting persistent selling pressure rather than immediate reversal.
Market Expectations
Market ExpectationsPrice has reached the $0.19820 support and shows signs of further weakness. A breakdown below this level could open the door for a deeper decline toward the next psychological support at $0.10.
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