Pi Network price remained under pressure this week as weak demand kept buyers on the defensive.
PI has recently traded in a range of around $0.12 to $0.13, remaining near its recent lows and losing momentum in its upward trend.
the The Pi coin has declined About 10% over the past week, indicating more selling pressure in the market.
The second problem is reduced purchasing power, even after upgrading the master network node to the protected v25 protocol.
This is why Pi Network’s price remains weak
Pi Network price was pressured again this week as overall cryptocurrency sentiment remained weak. Bitcoin price It traded below $64,000, Ethereum priced below $1,800, and Ripple (XRP) also fell. SOL, DOGE, BNB and HYPE saw small declines, contributing to the market warning.
The CMC Crypto Fear and Greed Index was at 22, indicating fear among traders. The price of Pi Coin remained lower than that $0.15 throughout the week. These trends combined to create two red flags where demand was weak and sellers remained in the market.
Pi Network price weakens as 30-day risk increases
Pi Network is subject to a new red flag with increasing opening pressure and declining price momentum this week. Statistics show that 127.5 million pays will be opened over the next 30 days with an average of 4.25 million pays per day.
The largest release comes on June 25, and is scheduled to reach 7.45 million Pi. Traders can notice these additions to supplies. Larger opens can pressure demand in weak market situations and exacerbate the risk of broader short selling today.
Pi Network faces pressure on CEX outflow as price weakens
Pi Network is facing another warning sign as CEX wallet balances show heavier outflows than inflows over a 24-hour period. Tracked exchanges held 556.77 million points, with total inflows at 319,303.75 points and outflows at 579,018.71 points.
This resulted in a net outflow of 259,714.96 Pi on the listed platforms. OKX, Gate.io, Bitget, MEXC, Kraken, and LBank recorded negative flows. Pionex saw slight inflow, which was unable to counter broader drawdowns during the reporting period.
Will Pi Network price hold $0.13 support after recent volatility?
The most recent PI coin price was at $0.1354, with minimal movement on the four-hour chart.
Pi Network price was stuck between major support and resistance areas after falling in early June. The RSI is at 57, indicating weak buying pressure and not overbought territory.
The MACD is also slightly positive, with the signal line falling behind it. This arrangement represents a weak uptrend, not a confirmed breakout.
The next level that could be detected by a stronger bearish move is $0.1250. This area was in demand after the sharp sell-off in Pi earlier this month.
On the upper side, Future predictions for Pi currency It faces immediate resistance near $0.14. A clear break above that level could boost sentiment in the short term.
If buyers regain momentum, the target could be around 0.1450. Further consolidation of the rally could open the way to $0.15.
