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Will PI Coin Slip Toward Its All-Time Low This Week? What the Charts Reveal

2 mins
Updated by Ann Maria Shibu
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In Brief

  • PI breaks below $0.47 support, continuing a downtrend. A potential retest of its $0.40 all-time low is looming.
  • A steep 82% drop in the A/D line since June 25 signals fading accumulation and rising sell-side pressure.
  • DMI indicators confirm bearish strength, with -DI firmly above +DI, pointing to dominant downward momentum.
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Readings from the PI/USD daily chart show that the altcoin briefly consolidated between July 1 and 4, facing resistance at $0.50 and support at $0.47. 

However, bearish forces gained strength on Friday, pushing the token below its short-lived support range. Since then, PI has trended downward, increasing the likelihood of a retest of its all-time low at $0.40.

PI Sell-Off Deepens as Bullish Momentum Weakens

PI’s Accumulation/Distribution (A/D) Line has taken a dive over the past two weeks, signaling a significant drop in buying volume and waning investor confidence. As of this writing, the metric is at -300.73 million, falling 82% since June 25.

PI A/D Line.
PI A/D Line. Source: TradingView

The A/D line measures an asset’s buying and selling pressure by analyzing its price movements and trading volume. When it climbs, it indicates strong accumulation, meaning buyers are driving demand and pushing prices higher.

On the other hand, as seen with PI, a falling A/D Line suggests that selling pressure outweighs buying interest. It indicates that traders are offloading PI rather than accumulating it, a sign of weakening confidence in the token’s short-term recovery prospects.

Furthermore, the setup of PI’s Directional Movement Index (DMI) aligns with this bearish narrative. The token’s positive directional index (+DI, blue) currently rests below the negative directional index (-DI, orange), showing a strengthening negative trend. 

PI DMI.
PI DMI. Source: TradingView

The DMI indicator measures the strength of an asset’s price trend. It consists of two lines: the +DI, which represents upward price movement, and the -DI, which means downward price movement. 

The market trend is bullish when the +DI rests above the -DI. This means that buy-side pressure is dominant, and the asset is in an uptrend.

Conversely, when the +DI lies under the -DI, the downward price movement is strong. This is a bearish sign, indicating that PI sellers have more control over the market than buyers.

Sellers Dominate PI Market, but Buyers Could Flip the Script

At press time, PI trades at $0.44, with its next major support level at its all-time low of $0.40. With sellers remaining firmly in control and building bearish momentum, a revisit to this price low is possible. 

PI Price Analysis
PI Price Analysis. Source: TradingView

However, a resurgence in buyer demand could invalidate this bearish outlook. In that scenario, the PI coin price could rebound, break above the new resistance at $0.47, and climb toward $0.50.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Abiodun Oladokun
Abiodun Oladokun is a Technical and On-Chain Analyst at BeInCrypto, where he specializes in market reports on cryptocurrencies from diverse sectors, including decentralized finance (DeFi), real-world assets (RWA), artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), Layer 2s, and meme coins. Previously, he conducted market analysis and technical assessments of various altcoins at AMBCrypto, utilizing on-chain analytics platforms like Messari, Santiment...
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