PI price has failed to hold above $0.16 and is sliding toward the key support level of $0.13, a price area that has defined its recent range. The token briefly exited a major downtrend in March 2026, making a higher high and appearing to bottom at $0.13, but sellers are now determined to revisit that level.
Support at $0.13 Under Pressure
The $0.13 support zone has become the dividing line between a potential recovery and a deeper decline. If it holds, PI may trade between $0.13 and $0.20. But failure would mean resumption of the downtrend and new lows. Resistance sits at $0.16 and $0.20.
Sellers appear committed to pushing the price down to test that level again. The move lower follows a failed attempt to break above $0.20 earlier this year, which now looks like a bull trap. Traders are watching closely to see if buyers step in to defend the $0.13 line.
RSI Stays in Bearish Territory
The 3-day RSI has remained below 50 for almost the entire past year, a major bearish signal. One attempt to push higher resulted in a bull trap, and the RSI is now in a clear downtrend. For a sustained reversal to occur, both price and RSI need to make higher highs.
That's a tough ask given current momentum. The RSI's persistent weakness suggests sellers still hold the upper hand, and any bounce might be short-lived unless buying volume picks up sharply.
What a Break Below $0.13 Would Mean
A break below $0.13 would signal that the March 2026 bottom was not a true bottom. The downtrend would resume, and new lows would follow. That scenario would erase the gains made during the brief uptrend and likely accelerate selling pressure.
On the flip side, if $0.13 holds, the price could settle into a range between $0.13 and $0.20. That would give buyers time to build support and potentially set up another attempt at the resistance levels. But with the RSI still pointing down, the range scenario remains uncertain.
The next few trading sessions will determine whether $0.13 holds as a floor or gives way to further losses.
