Is PI Network Heading for Another Crash? Don’t Say We Didn’t Warn You!

by

PI Network’s native token, PI, seems to be stuck in an eternal loop of disappointment, having plummeted to a new all-time low of $0.1842 on September 22. Is it really that shocking? Probably not. 🥲

Ever since then, it’s been meandering within a narrow horizontal channel-like a hamster on a wheel-with support at $0.2565 and resistance at $0.2917. With the market wrapped in gloomy clouds, the PI token may just revisit its old, miserable lows. Can anyone hear the echo of the past? 🐹📉

Weak Momentum: PI’s Favorite Party Trick

PI’s Average True Range (ATR) has been falling faster than a deflating balloon at a children’s party. It shows that market participants are getting increasingly tired of this endless sideways dance. The ATR on the PI/USD one-day chart has been on a downward slope since September 23, settling at 0.0234 as we speak.

Hungry for more token scoops like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. (You’ll regret it… but in the best way possible!)

The ATR tells us how much price movement is happening. Right now, it’s telling us… not much. When the ATR heads south, it’s like watching a slow-motion car crash-less price action, more despair. It’s a hint that trader participation is shrinking, and there’s no fresh money to stir things up. Oh, and did I mention this could signal the eventual collapse of the $0.2565 support? Fun times ahead! 🎢

Moreover, PI is trading well below its 20-day Exponential Moving Average (EMA). If you don’t know what that means, just know this: it’s a sign that PI is not getting any love from the market. At press time, the 20-day EMA is hanging like a grim reaper above PI’s price at $0.3185. Spooky. 👻

The 20-day EMA tracks the average price of an asset over the last 20 trading days, with more emphasis on recent data. When the price falls below it, it’s a signal that the sellers are controlling the game, and there’s no hope for a rebound-unless, of course, you’ve been living under a rock. 🤷‍♂️

This just adds fuel to the fire, showing that PI is struggling to gain any positive momentum. It’s likely to continue its sideways shuffle or, worse, spiral into another dive if sentiment doesn’t pick up. RIP PI’s hopes for a rally. 😩

Are We on the Verge of a Breakdown? Buckle Up!

With momentum evaporating faster than your crypto portfolio, PI’s price action is looking more fragile than a glass ornament on a high shelf. If this trend continues, PI might crash through the $0.2565 support and revisit its all-time low.

But wait, there’s a tiny shred of hope: if sentiment miraculously turns around, PI could break through its $0.2919 resistance. If that happens, we might just see a recovery attempt. It’s like waiting for a phoenix to rise from the ashes… but the ashes are made of disappointment. 🔥

Read More

2025-09-27 22:16