Pi Network Price Faces Persistent Declines With Risk Of Fresh Record Lows

Pi Network extends its downward trajectory as deteriorating sentiment across the broader digital asset market places heavy selling pressure on community-driven tokens.

Pi Network extended its downward trajectory on मंगलवार, following a sharp decline of roughly 7% recorded during the previous session. Community-driven tokens continue to face intensive selling pressure as the sentiment across the broader digital asset ecosystem deteriorates further. Amid this prevailing weakness, the technical structure surrounding the asset remains thoroughly bearish, elevating the distinct risk of a deeper retreat beneath the historical record low of $0.0700.

 

Technical Indicators and Moving Average Pressures

The near-term trajectory for the token maintains a pessimistic bias, with valuations lingering comfortably below the 50-day and 200-day Exponential Moving Averages, which reside at $0.1064 and $0.1719 respectively. From a purely analytical standpoint, the instrument has spent roughly three months tracing a descending channel pattern on the daily timeframe. Throughout the preceding week, consistent downward momentum has pushed valuations dangerously close to the recent trough of $0.0700.

 Should prices manage a sustained daily close beneath this pivotal threshold, analytical projections indicate the 200% Fibonacci extension level at $0.0368 could become the primary target, measured using the previous swing from $0.1998 down to $0.1183. Meanwhile, the Directional Movement Index displays an expanding divergence between its positive and negative lines, while the ADX indicator stabilizes near the 39 mark, pointing toward reinvigorated downward momentum.

 

Broader Crypto Market Decline and Altcoin Weakness

Other leading altcoins, including Ripple, Cardano and Solana, are similarly changing hands in negative territory as the wider cryptocurrency market navigates mounting downside pressures. This bearish alignment coincides with expectations from Citadel Securities regarding a potential surprise Federal Reserve interest rate hike, an event that threatens to drain liquidity from speculative and high-risk asset classes.

 Both Ripple and Stellar remained firmly under pressure on Tuesday after suffering losses exceeding 4% and 5% respectively during the prior trading day. Deteriorating derivatives metrics alongside fading momentum oscillators imply that sellers maintain absolute control over price action, heightening the probability of extended losses. Derivatives statistics continue to exhibit a mild bearish tilt.

 

Bitcoin Pullback and Market-Wide Liquidations

Bitcoin also experienced renewed downward movement on Tuesday, compounding a loss of over 2% from the preceding session. Across the wider crypto ecosystem, liquidations surpassed nearly $600 million over a 24-hour window amid aggressive wave selling. Concurrently, the Artificial Superintelligence Alliance and Shiba Inu surfaced as the worst-performing digital assets during the identical timeframe.

What this means for you
For Crypto Investors: Ongoing selling pressure and deteriorating market sentiment increase downside risks for digital asset holders, making thorough personal research essential before executing any trading decisions.

Questions & Answers

1. How much did Pi Network decline recently?
Pi Network extended its losses on Tuesday after dropping roughly 7% during the previous trading day.

2. What is the key technical support level for Pi Network?
The next major support level for PI rests at its record low of $0.0700.

3. How much total liquidation did the broader crypto market suffer?
The wider crypto market suffered nearly $600 million in liquidations over a 24-hour period amid renewed selling pressure.

4. Which altcoins faced heavy pressure on Tuesday?
Ripple and Stellar remained under pressure after losing over 4% and 5% respectively during the prior session.

https://trendkia.com/en/crypto/pi-network-ki-kimaton-men-bhari-giravata-jari-naya-rikorda-nichala-stara-chhune-ka-bana-jokhima-11401
TrendKia — Har trend, sabse pehle.