Pi Network Price Forecast: PI risks a steeper decline as bearish momentum builds

• Pi Network edges lower on Monday, extending losses for the fifth consecutive day.
• PI Open Interest holds above $10 million on Monday, suggesting firm retail interest in the token.
• The technical outlook for PI indicates a clear bearish bias, with downside momentum strengthening.

Pi Network (PI) extends losses below $0.090 on Monday, maintaining a steady decline for the fifth consecutive day. The retail demand remains firm, with the notional value of active perpeutals holding above $10 million. The technical outlook for PI remains bearish as bearish momentum mounts.

Retail demand at risk

Pi Network holds steady retail support in the derivatives market. CoinAnk data shows PI futures Open Interest (OI) at $10.15 million, up from $9.78 million the previous day. This indicates a mild positional buildup despite the declining spot market. However, the OI data fails to clarify the directional bias of the active contracts, while long-side buildup remains at risk as the spot market weakens.

The broader cryptocurrency market shows strong risk appetite, with the Fear and Greed Index at 67 on Monday, well above the neutral region.

Technical outlook: PI risks a lower leg as selling pressure mounts

Pi Network hovers around $0.0865 at press time on Monday, maintaining a bearish bias in the near‑term. The PI token retreats for the fifth consecutive day, capped by the 50-day Exponential Moving Average (EMA) at $0.0911, while the 100‑ and 200‑day EMAs are around $0.0991 and $0.1219, respectively, underpinning the long-term downtrend.

Momentum on the daily chart shows a bearish bias, with the Relative Strength Index (RSI) at 43 crossing below its midline while the Moving Average Convergence Divergence (MACD) remains slightly negative, which together hint that sellers retain control.

The immediate support for PI aligns with the 23.6% Fibonacci retracement level, measured from $0.1341 to $0.0704, at $0.0827, reinforced by the July 31 low at $0.0801. Any deeper pullback could risk testing the $0.0704 swing low.

On the topside, initial resistance is seen at the 50‑day EMA at $0.0911, followed by the 50% retracement level at $0.0990 and the 100-day EMA at $0.0991, acting as the next recovery hurdles.

(The technical analysis of this story was written with the help of an AI tool. Know more.)