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Pi Network maintains bullish triangle, but risks of falling below $0.085 intensify

2026-08-24 13:04:01
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The Pi Network token (PI) price fell 15%, but remained above the triangular support level. A break below this support could expose the US$0.085 mark.

Key Points

The PI is testing a diagonal support line that has prevented declines many times before. The cumulative/allocation indicator (A/D) and fund flow index (MFI) readings were weak, indicating limited buying pressure, while funds rates and open interest contracts remained positive. If it breaks below support, it may drop to US$0.085; if it rebounds, US$0.103 and US$0.110 will become the focus of attention again.

PI's price support

PI has fallen back near the lower boundary of the bullish triangle, which has three times previously prevented prices from falling and triggered a rebound. The latest trend tests this structure again, but prices have not yet fallen below the line. If a break below is confirmed, market attention will turn to horizontal support around $0.085. Conversely, if the triangle remains valid and prices eventually break through resistance, the chart shows that $0.103 and $0.110 will be the next short-term upside targets. This pattern still allows prices to consolidate further along the support line until a decisive trend occurs, so the current range remains unchanged for the time being.

Market Signals

Capital flow indicators are not as optimistic as price structures. The Cumulative/Allocation Indicator (A/D) fell, while the Fund Flow Index (MFI) remained below the level of 50-a level considered necessary to send a stronger bullish signal. These readings are different from when PI previously hit the same support area, when both indicators were trending upward. If the MFI rises above 50 and the A/D reading strengthens, it suggests buyers are returning with greater confidence.

Derivatives data provides a more constructive signal. Data cited in the report showed that the funding rate was 0.0050%, and open interest reached US$2.3 million, indicating that long positions still exist despite recent price declines. This comparison is important because PI did not show the intensity of capital inflows as in previous tests while maintaining technical support. In the last two times when approaching this support area, price movements were accompanied by increases in A/D and MFI indicators, while this test lacked strong support from spot market demand.

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