Pi Network Price Drops to $0.3551: Bearish Momentum Builds, Will It Hit $0.32?

In the past 24 hours, the crypto market has once again displayed high volatility, with Pi Network (PI) emerging as one of the key assets under pressure. According to the latest data, PI is trading around $0.3551, marking a 5% decline from the previous day. This drop is more than a routine correction—it signals a deepening bearish trend backed by technical indicators.

The price decline follows PI’s failure to hold the crucial support level at $0.37. That level previously served as a pivot within a symmetrical triangle pattern that had formed over recent weeks. Breaking below it has triggered stronger selling momentum, confirming that sellers currently dominate the market.

Technical Analysis: Bearish Momentum Intensifies

Indicators such as MACD (Moving Average Convergence Divergence) and AO (Awesome Oscillator) are flashing consistent bearish signals. The MACD has crossed below its signal line, suggesting a continuation of downward momentum. Meanwhile, the AO shows deepening red bars, reinforcing the narrative that selling pressure remains strong.

Given these conditions, analysts are now watching for a potential test of the next support zone around $0.32. If selling continues and no significant recovery emerges, this scenario could materialize in the near term.

Market Sentiment: Cautious and Reactive

The current sentiment surrounding Pi Network is best described as cautious and reactive. Investors and traders are holding back, waiting for clearer signals before entering new positions. Some observers note that a reclaim above $0.37 could ease selling pressure and shift momentum. However, as of now, there are no strong signs of such a recovery.

One of the more active voices on Pi Network developments is Twitter user @anderson_ninna. In recent posts, they’ve emphasized the importance of the $0.37 level as a psychological threshold. They also warn that continued trading below this level increases the risk of a deeper decline toward lower supports.

Pi Network Update – Aug 19

PI trades at ~$0.3551, down ~5% in 24h. The price has broken below the critical $0.37 level after falling out of a symmetrical triangle—momentum looks clearly bearish. Technicals (MACD, AO) confirm sellers are in control, putting pressure on further… pic.twitter.com/iLXwxyJwyR

— Pi Coins top Crypto...🚀 (@anderson_ninna) August 19, 2025

Fundamental Factors: What’s Driving PI’s Price?

Beyond technical analysis, fundamental factors are also influencing PI’s price movement. Pi Network remains in a transitional phase as it prepares for a fully open mainnet launch. Uncertainty around the timeline and adoption of its web3 ecosystem contributes to investor hesitation.

On the other hand, Pi Network’s community remains active and optimistic about the project’s future. Yet in the crypto space, community enthusiasm alone often isn’t enough to counteract broader market pressures—especially when global sentiment turns negative.

Short-Term Outlook: What Comes Next?

Two primary scenarios are emerging for PI in the short term:

1. Recovery Above $0.37 If PI manages to reclaim the $0.37 level with strong volume, selling pressure may ease. This could open the door for consolidation or even a rebound toward the $0.39–$0.41 range.

2. Decline Toward $0.32 or Lower If selling continues and buyers remain sidelined, PI could drop further. The $0.32 level becomes the next key support, and failure to hold it could lead to even deeper losses.

Conclusion

Pi Network’s price is currently at a critical juncture. The drop to $0.3551 and the break below $0.37 signal a defensive market stance. Technical indicators confirm bearish momentum, while sentiment remains cautious.

For investors and traders, it’s essential to monitor price action, volume, and fundamental developments closely. In a fast-moving crypto landscape, data-driven decisions are key to navigating volatility.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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