
Forecasting the Price of Pi Network This Week
Analyzing the downtrend of Pi Network's price and identifying potential support and resistance levels as it hits new lows.
Price Predictions for Pi Network This Week
As the cryptocurrency market experiences turmoil, let’s examine the key price targets for Pi Network (PI) as it continues to decline towards all-time lows.
Current Status
Recently, PI dipped to a new all-time low of 14.6 cents. This raises the critical question: is this the lowest point?
Analysis of Price Levels
- Support Levels: $0.15
- Resistance Levels: $0.20
Recent Market Trends
The price of PI has been on a downward trajectory since the beginning of the year. It closed January at 14.6 cents after dropping to $0.146 briefly. Although buyers managed to elevate the price above 15 cents, this increase appears unsustainable under the persistent downward pressure highlighted by major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) also facing declines.
Price Chart
Source: TradingView
Increased Selling Pressure
Entering 2026, PI bears have ramped up their selling, causing a substantial 25% price drop in mid-January. This trend has persisted, as evidenced in prevailing market conditions.
Selling Pressure Chart
Source: TradingView
RSI Analysis
The Relative Strength Index (RSI) remains critically oversold (below 30), suggesting a bearish outlook. However, it may indicate a future rebound, as extreme price conditions don’t last indefinitely.
Looking Ahead
If a rebound occurs, watch out for the resistance level at 20 cents, which could obstruct any upward momentum.
For further insights, check related articles on this topic and consider carefully before making investment decisions.
