Pi crypto value made a 7% bounce earlier this week, but here’s why sellers remain dominant

Pi Network [PI] has been in a relentless downtrend since April 2025. The altcoin has made successive lower highs and lower lows on the longer-term price charts. Any bounces the bulls were able to enforce, such as the one in March 2026 that nearly reached $0.30, were unable to establish a bullish structure.

On July 19, the token saw yet another short-term bounce that reached a high of $0.104. It turned out to be a sweep of the liquidity clustered around the $0.10 round-number resistance.

PI crypto value has slid by nearly 21% in the two weeks since then. The Pi Network’s protocol v25 upgrade would improve stability and also bring BN254 cryptography and Poseidon hashing.

A liquidity pool containing SLICE and Test-Pi was launched recently. This test launch uses an automated market maker alongside the Pi DEX order book.

Over the past three days, from the 28th to the 30th, the token rallied by 7.1%.

Will this bounce result in further PI crypto value drawdown?

The $0.13 low from February was breached, and a new swing low at $0.07 has been established. The technical indicators on the 1-day chart were firmly in favor of the sellers.

The OBV has been trending lower throughout 2026. The CMF fell below -0.05 earlier in July to signal increased selling pressure on the token. Only recently did the indicator climb back into neutral territory.

The RSI was at 37 and has been below neutral 50 since May. Once again, it indicated dominant bearish momentum.

Traders’ call to action- There is potential for a bounce

The 4-hour swing structure was also bearish. The golden pocket, according to the Fibonacci retracement levels, was at $0.113-$0.124. Unfortunately for the buyers, an attempt to climb above the psychological $0.10 barrier was firmly refuted earlier this month.

In the short-term, the $0.083-$0.085 area must be flipped to support to give bulls hope of a resurgence.

Unless there is renewed demand for PI, further downside would be likely. A bounce toward $0.10-$0.125 would offer a selling opportunity to swing traders.

Final Summary

• The PI crypto value saw a 7% bounce from the week’s low at $0.073.
• The technical indicators showed sellers were dominant, and a sizeable PI bounce does not appear likely in the coming days.