Digital currency Pi Network experiences steep decline, reaching historical low points
In the ever-evolving world of cryptocurrencies, the PI network is currently grappling with a period of instability. Lennard Merten, a renowned industry analyst, discussed this development in an article published on August 19, 2025.
The Balance of Power (BoP) indicator for PI is at a concerning -0.66, highlighting the weakness of demand for the cryptocurrency. This suggests that sellers are in control, and increasing selling pressure is observed for PI. The bearish sentiment towards PI indicates that the downward movement could continue.
However, there is a glimmer of hope. Despite the recent selling pressure, buying interest is starting to emerge for PI. The upward trend of the Chaikin Money Flow (CMF) indicator, currently at 0.04, suggests a bullish divergence for PI. If buyers continue to intervene, PI could rebound and attempt to break through the $0.40 threshold in the short term.
The current trading price of PI stands at $0.36, a decline of 4% from its previous levels. This decline has caused PI to fall below the critical support level of $0.37, a development that, if not addressed by buyers, could lead to further plummeting of the cryptocurrency.
The trading volume of PI has seen a significant increase by 104%, indicating increased market activity. The future of PI could be significantly influenced by the dynamic between buying and selling pressure in the coming days.
It is important to note that the current trend for PI signals either a continuation of its descent or an unexpected opportunity. As always, potential investors are advised to conduct thorough research and consider their risk tolerance before making any investment decisions.
The all-time low of PI stands at $0.32, a figure that serves as a reminder of the challenges faced by the cryptocurrency. The market for PI is in dire need of a new buyer to stabilize its fluctuations and bring about a semblance of predictability.
In conclusion, the PI network is currently navigating through a challenging period. The future of this cryptocurrency hinges on the balance of buying and selling pressure in the coming days. As always, it is essential to stay informed and make decisions based on factual analysis rather than speculation.
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