PI crashed 40% this week after a massive sell-off that drove it to consecutive all-time lows. However, it has rocketed by 10% since those lows, begging the question of whether the bottom is in.
PI Network (PI) Price Predictions: Analysis
Key support levels: $0.07
Key resistance levels: $0.10, $0.13, $0.16
PI Crashed to $0.07
PI just had one of the worst weeks in 2026 after the price lost support at $0.10. With this level turned into resistance, sellers rushed for the exits and sent the price into a nose-dive to $0.07, which became its latest record low.
With confidence gone, buyers had vanished. For example, in the past 10 days, only one day closed in the green. This shows that the sentiment is extremely bearish and the downtrend has entered a new phase where a bottom could be found much quicker.
More positive news came in the past several hours, with PI finally rebounding to $0.08 as of press time. However, it remains to be seen whether this is another dead-cat bounce.
Sell-Side Volume Exploded
As soon as the support at $0.10 was lost, sell volume began to pick up. This only made things worse and likely led to cascade liquidations that put even more pressure on the falling price.
While the sell pressure has decreased compared to yesterday, the day is not over, and this could still change. The price held above $0.07 and bounced to $0.08, but this could very well be just a temporary pause before new lows.
Momentum Indicators Are at Extremes
Due to heavy selling pressure, the momentum indicators have reached extreme levels. For example, the daily RSI is at 12 points, a level never seen before for this cryptocurrency. Extremes are also the place where bottoms are found.
Hopefully, this price action will bring about an end to the downtrend and allow PI to consolidate and confirm a bottom. If the support at $0.07 won’t hold, then buyers will likely retreat to $0.06 or even $0.05. The current resistance is at $0.10.
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