Will Pi Network price drop back to $0.15 as it forms bearish divergence?
The chart also shows a developing bearish divergence between price and the MACD indicator. While PI attempted several short-term rebounds in recent weeks, the MACD histogram and signal lines continued weakening, suggesting bullish momentum has steadily faded underneath the surface. Meanwhile, PI remains below the key 23.6% Fibonacci retracement level near $0.195 and continues hovering close to the lower end of the retracement range. Failure to reclaim that resistance area may encourage sellers to maintain control over the near-term trend. The Supertrend indicator has also flipped bearish again, with resistance now sitting near the $0.185 region. As long as price remains below that level, downside risks could continue dominating short-term sentiment. If selling pressure accelerates further, PI could revisit the major support zone near $0.163, which aligns with the 0% Fibonacci retracement level shown on the chart. A breakdown below that area may expose the token to a deeper correction toward the psychological $0.15 level. On the upside, bulls would need to reclaim the $0.195 resistance region to invalidate the bearish setup and potentially reopen the path toward the 38.2% Fibonacci retracement level near $0.215.
