Pi Network’s token extended its decline for a third straight session, sliding below the $0.0875 support level to trade around $0.085. The move keeps Pi capped under the $0.1000 psychological mark, as broader crypto sentiment remains soft and sellers continue to control the near-term technical picture.
While Pi’s price action has turned bearish, derivatives positioning has been steadier. Data cited from CoinAnk indicates open interest in Pi futures increased modestly on Tuesday, suggesting traders are still actively placing bets even as the spot market struggles to stabilize.
Key takeaways
- Price move: Pi Network fell below $0.0875 to trade near $0.085, remaining below the $0.1000 resistance level.
- Catalyst: Renewed bearish pressure across the broader cryptocurrency market, following a pullback in Bitcoin, weighed on riskier altcoins.
- Derivatives signal: Pi futures open interest rose to $9.16 million from $9.02 million, indicating new capital entering outstanding contracts.
- Key implication: The $0.08397 area is being treated as a pivotal support zone; a sustained break would increase odds of further downside.
What drove Pi Network’s third straight day of losses
The token’s weakness aligns with recurring downside pressure across major digital assets and altcoins. According to market coverage referenced in the report, a fresh pullback in Bitcoin contributed to broader risk-off sentiment, which typically weighs on liquidity and appetite for smaller-cap tokens during downturns.
The article also pointed to reports that MARA Holdings and Strategy reduced portions of their BTC exposure. While the details of those reductions were not specified in the piece, the impact on sentiment was clear: adjustments to Bitcoin holdings can amplify uncertainty for traders, often spilling over into altcoins like Pi Network.
Against that backdrop, Pi remains unable to recover above the psychologically important $0.1000 level. The lack of a reclaim keeps the prevailing structure tilted toward sellers and suggests rebounds, if they occur, may face supply near resistance.
Market reaction: futures open interest rises, but direction remains unclear
According to CoinAnk data, Pi Network futures open interest increased to $9.16 million on Tuesday, up from $9.02 million in the prior session. Open interest measures the total value of unsettled derivatives positions, and in general an increase suggests traders are opening new positions rather than closing them.
However, the report emphasized an important limitation: rising open interest does not, by itself, indicate whether the new positioning is bullish or bearish. With Pi trading under pressure, the added exposure could reflect either attempts to buy a rebound or positioning for further downside.
Technical levels investors are watching: $0.08397 and the path back to $0.1000
The $0.1000 area is described as Pi’s primary near-term resistance. As long as the token stays below that level, the report argues that the broader price structure is likely to remain bearish. The immediate focus is the support zone around $0.08397, which the article frames as a decision point for whether Pi can attempt a recovery or resumes its slide.
On the downside scenario, a decisive move below $0.08397 would weaken the rebound thesis and could extend losses. The report projected that a breakdown might open the door to an extended decline toward $0.07000, near a prior swing low at $0.07032.
On the rebound path, the article noted that if Pi holds the $0.08397 support zone, it could attempt a recovery toward the 50% Fibonacci retracement level at $0.10221. Clearing that area would also lift Pi back above the $0.1000 psychological threshold—an improvement that could potentially improve sentiment and attract incremental dip-buying.
Beyond that, $0.11905 is identified as the next major resistance level if bullish momentum develops further.
Momentum indicators: oversold risks without a confirmed reversal
Momentum signals in the report were described as mixed. The Relative Strength Index (RSI) was cited at 36, which the article interprets as approaching oversold conditions. It also noted that if RSI falls below 30, that would typically suggest selling pressure may be nearing exhaustion—though the piece cautioned that oversold readings can persist during strong downtrends.
For MACD, the report said the MACD line remains slightly above its signal line, which it characterized as a modestly positive sign. Taken together, the combination implies that the sell-off may be getting stretched, but buyers have not yet established clear control.
For investors, the takeaway is that any bounce may remain fragile until Pi both defends $0.08397 and regains $0.1000, which would better support a transition from a short-term stabilization attempt to a more durable reversal.
What to watch next: Traders are likely to focus on whether Pi can hold the $0.08397 support area and, if it rebounds, whether it can reclaim $0.1000. Broader market direction—particularly Bitcoin’s next moves—and ongoing developments in crypto risk sentiment may continue to be key drivers in the near term.
