PI Network's native token PI is hovering around $0.15, a key support level, after losing the $0.16 resistance zone. The cryptocurrency has fallen 96% from its all-time high and remains locked in a downtrend. But a notable drop in sell volume suggests traders aren't rushing to dump their holdings, even as prices stay low.
Support at $0.15 in Focus
The $0.15 mark is being tested as support after PI broke below $0.16 earlier this week. Technical analysts point to $0.13 as a stronger historical floor — if $0.15 fails, that level could be the next target. For now, the token is holding above $0.15, but the broader trend remains bearish.
The 96% decline from the peak has left PI trading at a fraction of its former value. Despite that, the pace of selling has slowed. Volume data shows decreasing seller conviction, which could give buyers a chance to step in.
Bearish Momentum Fading
The 3-day MACD histogram — a measure of trend strength — continues to decline. But crucially, that decline is happening on lower sell volume. That combination sometimes points to a bullish divergence, a technical signal that the downtrend may be losing steam. It's not a guarantee of a reversal, but it suggests sellers are running out of energy.
Low momentum on the downside means the path of least resistance could shift if demand picks up. Right now, there's no sign of a buying surge, just a lack of aggressive selling.
What a Breakout Would Require
If $0.15 support holds, buyers will likely try to reclaim $0.16. A move back above that level would be the first step toward building momentum for a potential reversal. Without that, PI risks sliding to $0.13.
The next few sessions will be telling. PI needs to prove it can hold $0.15 and attract real buying volume — not just a pause in selling. If it does, the token could start to rebuild from its deep correction. If not, $0.13 is waiting.
