Pi Network crash alert! PI price falls below key support, Bear Market fully in control.

The crypto assets Pi Network (PI) is facing severe bear market pressure. Over the past month, the PI price has fallen by 20% to $0.36 and continues to operate within a descending channel. Multiple technical indicators, including the MACD bearish crossover and continuous appearance of AO red bars, indicate that sellers firmly control the market, and the price may test new lows again in the short term.

Bear Market Dominates: Continuous Pressure of the Descending Channel

On the 4-hour chart, the PI price has been long confined within a descending channel, reflecting ongoing selling pressure.

Currently, the PI has approached the support level at the lower boundary of the channel. If it falls below, the next target may be the recent low of 0.34 USD, or even lower.

Technical Indicator Signals: MACD and AO Issue Warnings

MACD Bearish Crossover: The 12-day moving average (blue) has fallen below the 26-day moving average (orange), indicating a strengthening of downward momentum.

AO Momentum Oscillator: Three consecutive red long bars confirm that the selling power dominates the market.

These signals indicate that unless the bulls quickly counterattack, the PI price downtrend will continue.

Key Price Levels: $0.40 Resistance and $0.32 Support

In the short term, $0.40 is the main resistance level for PI. If it cannot break through, the price may continue to be under pressure and fall towards $0.32.

The daily chart shows that PI is consolidating within a descending triangle, and the EMA has also formed a bearish crossover, further strengthening the downside expectation.

Possibility of Reversal: Breakthrough of the Channel is the Only Chance

Although the current situation is bearish, if the PI price can break through the upper edge of the descending channel with high trading volume, it may trigger a structural reversal.

In this case, the first target will be the resistance in the middle of the channel, followed by the previous high of 0.64 dollars. If buying pressure continues, there is even the potential to challenge the 1 dollar mark.

Conclusion

The current market structure of Pi Network is clearly bearish, with both the MACD and AO indicators releasing downward signals. If the support at 0.34 USD is lost, the risk of falling towards 0.32 USD will significantly increase. Investors should closely monitor the channel boundaries and changes in trading volume, as only a breakthrough of the descending channel may bring a real opportunity for a rebound for PI. For more real-time market data and in-depth analysis, please follow the official Gate platform.