Pi Network price continues to lose altitude, with the 4-hour chart showing a steady grind lower rather than a sharp capitulation.
The token is now trading near the lower boundary of its recent range, hovering around levels last seen in October, as upside attempts repeatedly fail to gain traction.
Key Takeaways
Pi Network price continues to drift lower, showing weak demand rather than panic selling.
The 4-hour chart confirms a sequence of lower highs, keeping the bearish structure intact.
RSI remains near oversold levels while MACD stays below zero, signaling limited upside momentum for now.
Unlike previous sell-offs that were driven by sudden spikes in volume, the current move appears more controlled. Candles remain compressed, suggesting sellers are in control but not aggressively pressing, while buyers remain largely sidelined.
Price Structure Shows Persistent Lower Highs
From a market-structure perspective, Pi has remained locked in a sequence of lower highs since its late-November peak near the $0.28 area. Each rebound has been weaker than the last, reinforcing a descending structure that has guided price lower over the past several weeks.
The chart shows no meaningful reclaim of former support zones, which now act as overhead resistance. Instead of sharp rebounds, price action has shifted into shallow bounces followed by renewed weakness – a pattern often seen when demand is thinning rather than rushing back in.
RSI Signals Weak Demand, Not Capitulation
Momentum indicators align with the price behavior. On the 4-hour timeframe, the Relative Strength Index has slipped into the low-to-mid 30s. While this places Pi near oversold territory, the RSI has not shown a strong bullish divergence that would typically precede a relief rally.
This suggests the market is experiencing exhaustion without conviction. In other words, sellers are no longer panicking, but buyers are also not stepping in aggressively enough to reverse the trend.
MACD Confirms Bearish Bias Remains Intact
The MACD indicator reinforces this view. The histogram remains marginally negative, and both signal lines are compressed below the zero line. This configuration points to weak momentum rather than an imminent reversal.
Notably, previous attempts by the MACD to flip positive during recent rebounds were short-lived, failing to sustain upside momentum. The current setup implies that any bounce may remain corrective unless momentum meaningfully improves.
What Could Shift the Outlook
For Pi Network price to stabilize, the market would need to see a clear change in behavior – either through a sustained pickup in volume or a decisive move back above nearby resistance zones. Without that, price is likely to continue probing lower levels in search of demand.
As long as RSI remains suppressed and MACD stays below neutral, the broader bias favors consolidation at lower levels or further downside rather than a strong recovery. A structural shift would require reclaiming prior breakdown areas and holding them, something the chart has yet to demonstrate.
