Pi Network (PI) Price Prediction: Facing a 10% fall risk, but "this indicator" may reverse the downtrend.

Pi Network (PI) is still unable to break away from the sluggish market, with today's (17th) Asian early trading reporting at 0.4412 USD. If 0.444 USD cannot be sustained, the PI price will face a 10% retracement risk, with the next support level at 0.40 USD, but the hidden RSI bullish divergence suggests the possibility of a reversal.

Most Pi coin indicators have red lights, but a key signal hints that bulls may still be on the sidelines. If the Pi Coin price manages to recover to $0.47, this bearish setting may lapse completely.

Super Trend Indicator flashes "red" signal

The Super Trend Indicator is commonly used to predict market trends and has been positioned above the daily candlestick chart of Pi coin since mid-June. In simple terms, when the Super Trend Indicator appears above the price trend and is displayed in red, it indicates a strong downtrend; it can be seen as a warning light telling traders "do not buy for now."

The red area has been expanding downward, indicating that sellers still firmly control the market.

As of the time of writing, the resistance level of the supertrend is above $0.5450, which is well above the current price. Unless Pi closes above this threshold, the bearish signal will continue.

!

(Source: Trading View)

RSI bullish divergence becomes the only hope

Now for the twist. Despite the bearish price trend, the Relative Strength Index (RSI) shows hidden signs of a bullish divergence.

The price of Pi coin continued to hit new lows from the end of June to July 15, but the momentum tracking indicator RSI was forming new lows. This mismatch typically indicates that, although the price appears weak, buying pressure is quietly building up.

The Relative Strength Index (RSI) measures momentum by tracking the speed and magnitude of price changes in cryptocurrencies—an RSI below 30 indicates oversold conditions, while above 70 indicates overbought conditions. Currently, the RSI indicator for Pi coin is close to 36, suggesting it may soon enter the oversold region. If market sentiment remains bullish, cryptocurrency/token prices typically recover after entering the oversold region.

(Source: Trading View)

Exchange liquidity remains unoptimistic

Although the momentum may be improving, the inflow situation at the exchange is quite different. According to data from PiScan, over 5.7 million Pi coins have entered CEX wallets in the past 24 hours. This typically indicates that selling pressure still exists, as traders transfer assets to the exchange for potential liquidation.

Pi coin price analysis suggests a 10% drop

Looking at the price structure, Pi has fallen below the 0.23 Fibonacci level ($0.47) and is currently consolidating around $0.44. The next major support is at $0.42, and if it falls below it, the market could fall another 10% from current levels.

This Fibonacci rollback pattern is plotted from the last swing high ($0.0067) to the recent swing low ($0.4200) and helps plot downside risk, or rather a bearish bias.

If the price of Pi successfully breaks through the support level of 0.47 USD and recovers the Fibonacci retracement level, then the bulls may regain short-term control. However, before that, the trend will remain bearish. If Pi successfully breaks through 0.5142 USD, a clear upward trend will emerge.

Unless the bullish divergence continues, the PI price could plummet by 10%, heading towards $0.40. Currently, sellers are in control, but momentum indicators suggest that this situation may not last forever.

!

(Source: Trading View)