Pi Network (PI) Price Prediction: With selling pressure constantly increasing, can short positions push PI below $0.44?

Today (7th) in the Asian early session, the price of Pi Network (PI) remains weak below 0.50 USD, currently reported at 0.46 USD. Due to continuous pressure from sellers, it has fallen below the downward resistance area. Multiple indicators currently indicate that unless long positions hold the psychological level of 0.44 USD, the bearish pattern will continue to persist.

How is the price trend of Pi Coin?

(Source: Trading View)

Over the past week, the price of Pi has continued to be under pressure, with each rebound encountering resistance from the downward trend line. On the 4-hour chart, Pi is locked within a descending wedge, with the trading price below the previous support level of 0.47-0.48 USD resistance. The recent attempt to retest the 0.46 USD resistance level failed, and the price has fallen back to a new low for the week.

A broader daily chart shows that after the price fell sharply from the $0.60 region in June, a structural breakout (BOS) was confirmed. As shown in the Smart Money Concepts chart, this area has since become a major supply zone. The range around $0.44 is slightly above the last strong low formed at the end of April.

Why did the price of Pi coin fall today?

(Source: Trading View)

The reason for the fall in the price of Pi today is due to technical weaknesses across multiple time frames. The MACD on the 30-minute chart shows that the bearish crossover is fading, but the histogram remains negative, indicating a continued downtrend. Meanwhile, the RSI is around 39.5, below the neutral line of 50, confirming weak momentum and limited buying interest.

(Source: Trading View)

In the 4-hour time frame, Pi Coin continues to trade below the 20, 50, 100, and 200-day moving averages. The dynamic resistance levels of these moving averages continue to hinder any bullish rally. Additionally, the Bollinger Bands are expanding downwards, indicating increased volatility and confirming the strength of the current downtrend.

(Source: Trading View)

The Super Trend Indicator turned bearish at $0.4775 and remained red throughout July, while the DMI shows that -DI (36.52) is rising and ADX (33.3) is rising, indicating that trend strength favors sellers.

Bearish EMA cluster and liquidity vacuum below $0.44

(Source: Trading View)

The daily structure remains weak, and the price of Pi coin struggles to hold the liquidity range of 0.44 to 0.45 USD. The trading volume indicates that there is low interest in funds below the current level, and if it falls below the 0.44 USD mark, it may increase the likelihood of a rapid collapse.

(Source: Trading View)

Pi broke through the last bullish order block at 0.496 USD, leaving a larger inefficiency zone between 0.48 USD and 0.52 USD. The liquidity map currently points to the next demand zone near 0.40 USD, consistent with the inefficiency zone left unfinished in May.

(Source: Trading View)

Traders should also note that the price is still well below the VWAP on the 30-minute chart, and each retest of the VWAP upper limit results in a swift rejection, thereby reinforcing the short-term bearish structure.

PI Coin Short-term Price Outlook (1 Day)

Looking ahead, the price of Pi must hold the support level between 0.44 and 0.442 USD to avoid a fall towards 0.40 USD. If it breaks this support level, the next downward target may be 0.395 USD, where the previous BOS and low trading volume nodes will be concentrated. On the positive side, recovering 0.465 USD would be the first sign of a trend reversal, with further target levels around 0.48 USD and 0.50 USD.

Nevertheless, as both RSI and MACD tend to be bearish, and Supertrend combined with DMI confirms the trend continuation, the short-term outlook favors sellers, unless long positions intervene.