IP crashed 40% this week after a selloff that took it to back-to-back all-time lows. However, it has climbed 10% since those lows, raising the question of whether the bottom has been reached.
PI Network (PI) Price Predictions: Analysis
Key Support Levels: $0.07
Key Resistance Levels: $0.10, $0.13, $0.16
PI crashed to $0.07
PI just had one of the worst weeks of 2026 after the price lost support at $0.10. With this level turned into resistance, sellers rushed to the exit and pushed the price down to $0.07, which became its latest all-time low.
With confidence gone, buyers were gone. For example, in the last 10 days, only one day closed in the green. This shows that sentiment is extremely bearish and that the downtrend has entered a new phase where a bottom could be found much faster.
More positive news arrived over the past few hours, with PI finally rebounding to $0.08 at press time. However, whether this is another dead cat bounce remains to be seen.
Sell-side volume exploded
As soon as the support at $0.10 was lost, the selling volume started to increase. This only made things worse and likely led to cascading liquidations that put even more downward pressure on prices.
Even though the selling pressure has decreased compared to yesterday, the day is not over and this could still change. Price held above $0.07 and rebounded to $0.08, but this could very well be just a temporary pause before new lows.
Momentum indicators are at the extreme
Due to strong selling pressure, momentum indicators have reached extreme levels. For example, the daily RSI is at 12 points, a level never seen before for this cryptocurrency. The extremes are also where the funds are.
Hopefully this price action will end the downtrend and allow PI to consolidate and confirm a bottom. If support at $0.07 does not hold, buyers will likely pull back to $0.06 or even $0.05. Current resistance is at $0.10.
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