Pi Network's recent trading activity has raised concerns among investors as it struggles to maintain its position in the market. Currently priced around 0.18, the cryptocurrency has experienced a significant decline from its previous range of 0.20-0.21, indicating a potential shift in market sentiment. The source notes that this decline may be attributed to various factors affecting investor confidence.
Current Price Action of Pi Network
As of late January 2026, Pi Network's price action is constrained below its former support levels, characterized by a series of lower highs and limited recovery attempts. The coin continues to trade beneath crucial moving averages, suggesting that bearish sentiment remains dominant and has yet to be overturned.
Market Activity and Trading Range
Market activity has notably slowed following the recent selloff, indicating that panic-driven exits may have subsided. However, the lack of strong buying pressure suggests that the market is more likely in a phase of consolidation rather than accumulation. Technical indicators reveal a narrow trading range, with resistance levels forming around:
- 0.20
- 0.21
and immediate support now positioned closer to:
- 0.17
- 0.18
Future Outlook for Pi Network
For Pi Network to shift momentum towards a gradual recovery, it would need to reclaim the 0.20 level, potentially paving the way for a rise towards:
- 0.22
- 0.24
Conversely, a drop below 0.17 could reignite selling pressure. Currently, Pi Network stands at a pivotal juncture, with its future trajectory hinging on either technical stabilization or significant developments within its ecosystem later in 2026.
Despite Pi Network's recent struggles in the market, Netflix has also faced challenges, with its stock declining despite better-than-expected earnings. For more details, see the full report here.
