Pi (PI) has been navigating a challenging market, exhibiting a clear bearish structure as downside momentum intensifies. Investors are keenly watching as the digital asset approaches a pivotal liquidity zone that could dictate its short-term trajectory.
Persistent Downward Pressure
Following a decisive breakdown from the $0.190 resistance level, Pi's price has been under consistent selling pressure, confirming a bearish market shift. This decline was not a passive drift but rather an aggressive distribution, evidenced by expanding candle bodies and repeated closes near session lows. The $0.190 mark has now firmly established itself as a resistance point, pushing the price further south and increasing the likelihood of a test of the crucial $0.130 support level. This continued selling momentum underscores a significant shift in market sentiment, with sellers maintaining firm control.
The Critical $0.130 Liquidity Floor
The market is now compressing towards the $0.130 liquidity floor, a level that represents a key test for demand. Here, the probability of "absorption" — where resting buy orders convert into aggressive market buys, signaled by long lower wicks and firmer closes — is elevated. Such an outcome could lead to a period of consolidation. However, the risk of a "sweep" remains significant. If expanding sell volume overwhelms the bid wall at $0.130, or if broader market weakness persists, Pi's price could quickly fall into a low-liquidity pocket near $0.115, potentially exposing it to the $0.100 historical demand zone. The outcome at $0.130 will be a clear indicator of seller exhaustion or continued dominance.
Broader Market Influence and Outlook
Pi's bearish trajectory is not isolated; it reflects a broader market downturn. The overall crypto market cap has seen a significant decline, with Bitcoin's dominance expanding and subsequently siphoning liquidity away from altcoins. This macro trend has notably compressed Pi's relative demand. With Pi currently trading at $0.1444 and experiencing a sharp surge in trading volume (over 126%), indicating aggressive distribution, its near-term momentum remains exceptionally fragile. While a stabilization in broader macro conditions could potentially usher in a consolidation phase above recent lows, failure to maintain the prevailing support structure at $0.130 will inevitably expose Pi to further downside risks, making this level a critical battleground for its future price action.
