#PI #PI The Pi Network (PI) Token experienced a big dump at the beginning of August, hitting a historical low of $0.32 on August 1st. Although it slightly rebounded by 4% to \$0.36 afterward, bearish sentiment continued to dominate the market. During the rebound in the past 24 hours, the volume dropped nearly 30% (now around \$112 million), forming a significant volume-price divergence (negative divergence), indicating that the rise lacks support. The Parabolic SAR indicator shows that the resistance level is at \$0.47, with the daily chart PI price oscillating between \$0.32 (historical low support) and \$0.40 (key resistance). The technical outlook shows that short positions still have control, and unless new buying demand emerges to push through \$0.40, the PI price is at risk of retesting previous lows or even breaking below them in the short term. The big dump at the start of August and the historical low of \$0.32 has raised concerns about the Pi Network (PI) at the beginning of August.