Pi Network (PI) extended its downtrend into Friday’s session with a slight decrease, marking a three-session losing streak as the price approached its short-term support line. On-chain data indicates that selling pressure is clearly increasing, as centralized exchanges (CEX) are seeing a strong uptick in deposit inflows.
From a technical perspective, PI’s corrective move still carries the risk of deepening, as the MACD indicator is flashing a sell signal.
Selling Pressure Rises on CEX
According to data from PiScan, over the past 24 hours, the amount of PI deposited by users into centralized exchanges (CEX) has far exceeded withdrawals. Specifically, CEXs that have completed Know Your Business (KYB) verification for Pi Network recorded a total of 2.75 million PI flowing in, while withdrawals amounted to only 1.76 million PI. This significant gap shows that net inflows are favoring exchanges, reflecting a cautious sentiment and a prevailing risk-averse trend in the market.
PI balance on CEX | Source: PiScan## Technical Outlook: Will Pi Network Break Key Support?
Pi Network is currently correcting toward a key support line formed by the lows on October 22 and November 4—a trendline that has supported the price several times since its emergence. If PI loses this support at (0.2204 USD), the selling pressure could push the price down to the psychological level of 0.2000 USD, before testing the support zone at 0.1919 USD, which coincides with the low from October 11.
On the daily timeframe, the MACD indicator lines are gradually sloping downward, approaching the zero line. If the MACD line and signal line cross into negative territory, PI will likely face further strong downside momentum.
Daily PI/USDT chart | Source: TradingViewWhile the MACD flashes a sell signal, the RSI remains steady around 46, moving sideways near the midpoint. However, the gap between the current RSI and the oversold region warns that the price could continue to weaken without strong buying support.
To restore the uptrend, PI needs to break above last week’s high at 0.2841 USD, which would open the path for a recovery toward the August 1 low near 0.3220 USD.
SN_Nour
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Market Report: Top 5 cryptocurrencies by decline on March 8, 2026, with Pi experiencing the largest drop
GateNews29m ago
PI Network Price Jumps 15% as Volume Rises But $0.28 Holds the Real Answer - BTC Hunts
The post PI Network Price Jumps 15% as Volume Rises But $0.28 Holds the Real Answer appeared first on Coinpedia Fintech News
The PI Network price is suddenly back on traders’ radar this weekend. Not because it exploded into a massive rally but because something subtler is happening beneath the
BTCHUNTS2h ago
Why Is Pi Coin (PI) Price Pumping Today?
Pi Coin has been getting a lot of attention today. The price jumped about 15% in the last 24 hours, pushing the price to around $0.23. What makes this move interesting is the timing. The broader crypto market hasn’t been doing great, and Bitcoin dropped more than 3% during the same period.
CaptainAltcoin9h ago
Pi Network Tests AI Computing on Nodes Ahead of Pi Day DEX Launch
Pi Network tested AI image recognition on nodes with OpenMind, using idle CPU power during its ongoing Mainnet upgrade phase.
The network requires Mainnet nodes to upgrade to v20.2 by March 12 as part of its path toward version 23.0 in Q2 this year.
Pi Network is testing artificial
CryptoNewsFlash18h ago
Pi Network Eyes DEX Launch as Price Jumps 35% This Week
Pi Network news today reports that it is seeing renewed attention. As its ecosystem prepares for a major update. Over the past week, the Pi coin price has surged by more than 35%. It is driven by strong retail demand and growing excitement around upcoming upgrades. The latest momentum comes as the n
Coinfomania20h ago
