**Pi Network Price Loses Structure as Buyers Step Back**
Pi Network’s (PI) price has entered a critical phase after failing to hold above its key support zone. The token is now showing clear signs of breakdown, with no significant buyer interest emerging to defend current levels. The overall structure has turned bearish, leaving $0.19 as the next major target if the decline continues.
### Key Technical Points of Pi Network Price:
– **Immediate Support:** Value area low, now the final line of defense before $0.19.
– **Next Major Support:** $0.19 – a high-timeframe region with resting liquidity.
– **Current Resistance:** $0.28, previously rejected swing high.
Since failing to sustain the previous rebound toward the $0.28 resistance zone, Pi Network’s price has been steadily losing momentum. This rejection has confirmed a clear breakdown back toward the value area low, erasing the prior bullish structure that had briefly emerged.
At present, the value area low remains the last region of support preventing a more severe drop. If this level is breached on a daily closing basis, it could trigger a deeper decline toward $0.19, where significant liquidity resides from earlier trading sessions. This $0.19 zone also corresponds with prior market activity, making it a likely area for short-term buyers to re-enter.
The broader market structure has shifted bearish. Momentum indicators show declining buying strength, while the absence of bullish volume influxes further underscores a lack of buyer participation. As volume continues to contract, sellers maintain control over short-term price direction, putting Pi Network at risk of further downside continuation.
However, if the $0.19 support region holds firm, there remains potential for a technical bounce or rotation back toward the $0.28 resistance zone. Such a recovery would require strong bullish inflows and sustained closes above short-term moving averages to confirm a potential trend reversal. Until then, the path of least resistance remains to the downside.
### What to Expect in the Coming Price Action
In the short term, the value area low is a critical region to watch for confirmation of either a breakdown or a defense. A decisive loss of this level could accelerate the decline toward $0.19. Conversely, if buyers step in and volume picks up, Pi Network may attempt a short-term rebound to $0.28 before the broader trend becomes clearer.
Traders should monitor these key levels and volume patterns closely to gauge the token’s next move.
https://bitcoinethereumnews.com/tech/pi-network-price-at-risk-breakdown-looms-below-key-support/
