Pi coin price prediction: key support breached! Selling pressure surges, may test historical low of $0.32, long and short indicators show divergence.

The native Token PI price of Pi Network continues to be under pressure, experiencing a daily big dump of 4%, breaking through the 0.37 dollars key support level (the defensive bottom line since August 1), now reported at 0.36 dollars. Accompanying the price drop, on-chain volume surged by 104%, indicating increased sell pressure, and the balance of longs and shorts (BoP) fell to -0.66, confirming that short positions dominate the market. If the selling pressure continues, PI may dip to the historical low of 0.32 dollars. However, the cash flow indicator (CMF) is currently at 0.04, signaling a bullish divergence. If buying power recovers, there may be a short-term opportunity to reclaim 0.37 dollars and push towards the 0.40 dollars resistance level.

Selling pressure surges and breaks through the defense line, PI coin price hits a new low for the phase

(PI price and volume | Source: Santiment)

In the context of a broad market decline in the crypto market, the native token PI of Pi Network is facing significant selling pressure. The price has fallen by 4% during the day, effectively breaking through the key psychological support level of $0.37 - this position has been resisting downward pressure since early August. As of the time of writing, PI is temporarily priced at $0.36, with on-chain trading volume surging by 104%. The phenomenon of divergence between price and volume (price decline accompanied by increased trading volume) clearly points to a rise in market selling sentiment, with a large number of holders accelerating their exit, intensifying the short-term downside risk for PI.

(PI BoP | Source: TradingView)

Technical indicators synchronize to reinforce bearish expectations: The Balance of Power (BoP) indicator, which measures the balance of bullish and bearish forces in the market, currently reports -0.66 and continues to dip, reaching a new low in nearly three months. The expansion of the negative value of this indicator indicates that sellers are fully in control of the price direction, while the buying support is weak. If this trend continues, PI will face further downward pressure.

Historical low of $0.32 under pressure, CMF indicator hides rebound opportunity

Under the current market structure, the persistent selling pressure may push the PI price to dip to the historical low of $0.32. If this key support level is breached, the token may experience a deeper decline. However, on-chain data reveals a potential turning point: the Chaikin Money Flow (CMF) has risen counter to the trend to 0.04, forming a typical long positions divergence (price falls while fund inflows increase).

This signal suggests that despite the prevailing sell-off sentiment in the market, some bargain hunters have begun to tentatively enter the market. If buying power continues to accumulate, PI has short-term technical rebound momentum: the primary target is to recover the lost ground at $0.37, and then attempt to break through the psychological level of $0.40. Whether a reversal can be achieved depends on whether new funds can effectively offset the current selling pressure.

Conclusion: The price of PI coin breaking down reflects an intensifying liquidity crisis in altcoins, with investors' confidence in non-mainstream tokens continuing to wane. Although the CMF indicator has released a weak rebound signal, recovering the key resistance level for PI still requires substantial buying support against the backdrop of overall market risk appetite contraction. For coin holders, whether it can quickly recover to $0.37 becomes a key observation point for judging the repair of market sentiment, while the historical low of $0.32 will form the last line of defense. If the on-chain selling pressure data does not show any easing, the project may face a deeper reassessment of its value.