Pi Network price forecast: Fading social interest accompanies further PI losses

• $0.0774 support is in focus as Pi Network slips on Tuesday, testing a bearish break below the level.
• A six-month low in the PI token’s social dominance score points to weaker retail interest.
• The $0.0704 all-time low is the sellers’ target as PI’s technical outlook favours further downside.

Pi Network (PI) has fallen nearly 2% on Tuesday. The decline extends the previous day’s losses and leaves the token at risk of a further slide towards its record low of $0.0704. A six-month low in PI’s social dominance score signals weaker social interest. With the correction gathering pace, the token’s technical outlook remains bearish.

Six-Month Low for PI Social Dominance

A smaller share of crypto-related online discussions is weakening Pi Network’s social positioning. According to Santiment data, the PI token’s social dominance fell to a six-month low of 0.03% on Monday, alongside a social volume of 2. The figures indicate less market discussion of PI, an important bullish catalyst linked to speculative demand. 

$0.0704 in Focus: Pi Network’s Technical Downside

At around $0.0772 on Tuesday, Pi Network remains in a long-term downtrend. An overhead resistance trendline near $0.0838, linking the highs of 20 June and 22 August, continues to cap the price. The declining PI token also trades below its 50-period Exponential Moving Average (EMA) at $0.0862 and its 200-period EMA at $0.1221.

Momentum indicators support this constrained outlook. The Relative Strength Index (RSI) is near 35, while the Moving Average Convergence Divergence (MACD) remains below zero with a slightly negative histogram. Together, these suggest sellers retain control of the near-term direction.

If a break below the 8 October low of $0.0774 is confirmed, the decline could reach the $0.0704 swing low. A deeper retreat would send the PI token into downside price discovery.

For a recovery, the first resistance lies around $0.0838 at the downtrend breakout level. Just above it sits a tight resistance cluster comprising the 50-period EMA at $0.0862 and the 23.6% Fibonacci retracement at $0.0867, measured from $0.1394 to $0.0704. Beyond that zone, the next barriers are the 50% retracement level at $0.1049 and the 200-day EMA at $0.1221.

(The technical analysis of this story was written with the help of an AI tool. Know more.)