PI价格跌破0.09美元，看跌动能回归

Pi Network 价格跌破 0.09 美元，短期动能减弱

9月24日，Pi Network（PI）价格在最新反弹未能站稳于0.093美元附近后，重新回落至0.09美元下方。随着短期动能的减弱，PI的价格已跌回其主要每日移动平均线之下。

市场概况与技术面分析

PI在尝试突破0.093美元失败后，再次跌破0.09美元关口。目前，该代币价格仍位于20日、50日、100日和200日指数移动平均线（EMA）下方，且每日MACD指标持续呈现负值。若价格进一步跌破0.085美元，0.080至0.082美元的支持区域将重新成为市场关注的焦点。

短期内，技术面要出现改善迹象，PI必须首先收复0.0898美元和0.0920美元的关键阻力位。截至撰稿时，根据PI/USDT交易对图表显示，Pi Network交易价格约为0.0878美元。当日开盘价约为0.0881美元，盘中最低下探至0.08765美元。此次回调发生在本周早些时候试图收复0.09美元失地之后，但买方未能将该代币价格维持在该水平之上。

早在前一天，PI就已显露出动能丧失的迹象。此前报道指出，该代币在9月23日曾触及0.0926美元的高点，随后又回落至0.088美元附近。在上涨过程中，50日和100日移动平均线一直充当着上方的阻力屏障。

基本面进展与价格反应的背离

尽管网络端近期出现了更多积极的发展动态，但价格反应依然有限。超过41.7万名用户已通过身份验证（KYC）审核，得以继续参与流程；同时，Protocol V27版本也顺利通过了测试阶段。然而，这些更新并未有效转化为强劲的需求增长。

Pi Network价格今日下跌的主要原因在于，买方未能将近期突破0.09美元的走势转化为持续的 breakout（突破行情）。每日图表显示，PI交易价格低于其20日、50日、100日和200日指数移动平均线。目前，20日EMA位于约0.08979美元，紧随其后的是位于0.09204美元的50日EMA。上方更高处，100日EMA位于约0.10198美元，而200日EMA则远在约0.13597美元的位置。

上述四条均线均呈空头排列，即短期均线位于长期均线之下。整个9月份，价格大多时间都在20日和50日均线下方构筑底部，但尚未能稳固站于这两条均线之上。当PI本周接近同一阻力区域时，卖压再度回归。代币在0.092美元附近的失败值得注意，因为交易者在8月份也曾关注过类似区域。在8月的反弹期间，PI曾测试0.095至0.102美元的区域，但未能将其转化为持久的突破。

技术指标详解

As the latest rejection rebounded, the daily MACD indicator weakened again. The MACD line is at approximately-0.00131, which is lower than the signal line (approximately-0.00092), and the histogram has also turned negative at approximately-0.00039. Both MACD lines are below the zero axis. Although the current momentum has weakened significantly from the sell-off in June and July, the indicator has not yet shown enough buying pressure to confirm a trend reversal.

Even though Pi Network is pushing through multiple technology and user-introduced changes, the situation of weak prices has not changed. The Pi core team recently optimized its review of accounts marked as potentially duplicate, allowing more than 417,000 users to resume the KYC process. Another 497,000 Fast Track wallets were unable to receive their migrated PI due to lack of gas funds needed for transactions. At the same time, Protocol V27 entered the Testnet 2 testnet phase after processing approximately 250 transactions per block. Previous Protocol 27 infrastructure efforts include smart contract certification, automated market maker capabilities, and RPC infrastructure.

Pi has difficulty turning these developments into sustained buying demand. During the August rally, tokens rose more than 10% and trading volume rose as Protocol 26 approached, but the US$0.0882 to US$0.09 area has posed resistance. Supply pressure remains another factor hanging over the market. According to early estimates, approximately 1.21 billion PI tokens are scheduled to be unlocked in 2026, and main-network migration could convert previously unavailable balances into transferable tokens. Previous analysis of Pi Network's 2026 CZerocoin unlocking estimated that the release rate was approximately 6.5 million PIs per day. The actual sell-off depends on whether the holder transfers newly available tokens to the exchange, so migration does not mean that these tokens will automatically enter the market.

Short-term trend forecast and key points

The four-hour chart shows that the recent rebound momentum is weakening, but a new strong downward trend has not yet been confirmed. The PI's 14-cycle Relative Strength Index (RSI) has dropped to 47.27 from a level above 70 during the September 22 rally, while its RSI moving average remains at a higher level of around 58. An RSI reading below 50 gives sellers a slight momentum advantage, although the PI is far from oversold territory. If the RSI falls below 40, especially if prices also fall below recent local lows, it will provide stronger evidence of building selling pressure.

The Aroon indicator paints a non-bearish picture for the shorter term. Aroon Up remained at approximately 71.43%, while Aroon Down was only 7.14%. This reading suggests that the latest meaningful high is closer than the recent significant low, meaning the indicator has not yet confirmed a new four-hour downtrend.

Immediate support is in the $0.085 to $0.087 range. PI has repeatedly traded in this area since falling in mid-September, so a clean break into the area will be the next technical test target. If you fail to hold $0.085, the $0.080 to $0.082 area will come back into view. A larger sell-off points the next lower area visible on the daily chart to the July price range, which is $0.071 to $0.075.

The buyer first needs to recover the 20-day EMA at approximately US$0.0898. The 50-day EMA at around US$0.0920 forms the next hurdle, followed by the US$0.096 to US$0.10 area. Breaking through these levels will put the 100-day EMA at around $0.102 into focus. Until then, the PI remained below all major daily EMA, the MACD remained negative, and the four-hour RSI was below 50, making $0.085 a key level to distinguish the current consolidation from the possible test of $0.08 again.