Pi Network Extends Weekly Losses to 15% – What’s Next for PI?

Pi Network continues to experience prolonged price decline, with the token losing nearly 16% of its value amid a gloomy market environment.

As macroeconomic uncertainty increases and daily Token Lockup of Pi continues to heavily impact sentiment, downward price pressure seems far from over.

Sellers Dominate as PI Drops Below Critical Thresholds

Since reaching its All-Time-High of $3 on 25/02/2025, PI has recorded consecutive weekly losses, with no significant demand to halt the decline.

On the daily chart, the Moving Average Convergence Divergence (MACD) indicator of the token reflects an increasingly deep price drop. At the time of writing, PI's MACD line (green) is below the signal line (orange).

The MACD indicator determines trends and momentum in its price movement. It helps traders detect potential buy or sell signals through intersection points between the MACD and signal lines.

For PI, when the MACD line is below the signal line, this indicates declining buying activity. Traders view this as a sell signal. Therefore, it may increase downward price pressure on PI's price.

Moreover, PI's negative Balance of Power (BoP) index shows sellers are still strongly in control. At the time of writing, this index was -0.12.

The BoP index measures buyers' strength compared to sellers in the market, helping identify momentum shifts. When its value is positive, buyers dominate the market compared to sellers and drive new price increases.

Conversely, negative BoP indices indicate sellers are dominating the market, with little or no resistance from buyers. This indicates prolonged price pressure and weakening investor confidence.

For PI, negative BoP indices reinforce the price decline outlook. It suggests selling momentum may continue unless new demand emerges.

Pi Network Struggles Below Important EMA

Currently, PI is trading at $0.53, below its 20-day exponential moving average (EMA), forming a dynamic resistance at $0.56.

The 20-day EMA measures an asset's average price over the most recent 20 trading days, with greater weight given to recent prices. When an asset's price trades below its 20-day EMA, this signals short-term downward momentum and potential continued decline. If bears maintain control, they could push PI's price back to its All-Time-Low of $0.40.

However, a recovery could push Pi Network's token above the 20-day EMA and towards $0.79.