Pi Network Dips Toward Record Low as Exchange Deposits Surge and Sell-Off Intensifies

Pi Network (PI) faces heightened downside risk as it approaches its historic low, pressured by large-scale token inflows to exchanges and bearish technical indicators signaling possible further losses.

PI trades at approximately $0.3481, with bulls striving to arrest the third consecutive bearish daily candle. The token is locked in a descending channel, and sustained downward momentum could push it below $0.3220, with the next potential low at $0.2700, marking a new record low in the making.

On-chain data from PiScan and Coinglass reveals a notable increase in deposits to centralized exchanges (CEXs): nearly 7.06 million PI tokens flowed into exchanges, outpacing 3.94 million tokens withdrawn, resulting in a net deposit of 3.11 million PI tokens (approx. $1.08 million at current prices). Two of the three largest transactions in the past 24 hours were substantial deposits to OKX, potentially signaling an intensifying selling pressure.

Technically, negative sentiment is affirmed by momentum indicators: the RSI stands at 42, trending downward below neutral bias, while the MACD has crossed under its signal line—both suggestive of deteriorating bullish strength and reinforcing the likelihood of further declines.

A turnaround requires reclaiming the $0.4000 mark, which could reignite upward momentum toward the $0.4342 resistance trendline. Yet, without such recovery, the near-term outlook remains firmly bearish, with bearish sentiment and exchange accumulation combining to threaten a new record low.

Our creator. creates amazing NFT collections! 
Support the editors - Bitcoin_Man (ETH) / Bitcoin_Man (TON)

Pi Network (Guide)is a new digital currency developed by Stanford PhDs with over 55 million participants worldwide. To get your Pi, follow this link https://minepi.com/Tsybko and use my username (Tsybko) as the invite code.

Binance: Use this link to sign up and get $100 free and 10% off your first months Binance Futures fees (Terms and Conditions).

Bitget: Use this link Use the Rewards Center and win up to 5027 USDT!(Review)

Bybit: Use this link (all possible discounts on commissions and bonuses up to $30,030 included) If you register through the application, then at the time of registration simply enter in the reference: WB8XZ4 - (manual)