Why is the Pi Network (PI) Price Down This Week
Let‘s have a closer look at the technical indicators, which might give us a clearer idea of why Pi Network’s PI token is performing poorly this week. PI failed to hold at $0.16 and is now well on its way to $0.13 next! PI Network (PI) Price Predictions: Analysis Key support levels: $0.13 Key resistance levels: $0.16, $0.20 Key Support About to be Tested At a macro level, we can see that PIs price exited a major downtrend in March 2026, when it made a higher high and appeared to have bottomed at $0.13. This could be interpreted as a major pause in the pre-existing downtrend. However, this assumption is about to be tested by sellers, who appear determined to revisit the $0.13 support soon. If the price holds there again, PI may range between $ 0.13 and $ 0.20 for some time. Any failure will lead to new lows and a resumption of the downtrend. Source: TradingViewWill $0.13 Hold? The biggest question, based on this chart, is if the key support at $0.13 can stop this renewed push by sellers. At the time of this post, it is too early to call it, and buyers could return there like in the past. Nevertheless, another visit to this level could