Spot price: ≈ $0.1535 (down ~4.1–4.2% in the last 24 hours) 24h range: Low ≈ $0.1501, High ≈ $0.1615 Recent structure: Clear downtrend visible on the chart. Price has been making lower highs and lower lows over the past several days/weeks.
Trading near the lower part of the recent range, just above the 24h low.
Strong support nearby: The $0.150–0.151 zone acted as a temporary floor (wick low visible). A clean break below it would likely accelerate selling toward $0.145–0.148 (next psychological + possible deeper Fibonacci level).
Resistance overhead: Immediate resistance at $0.155–0.156 (near the MA5 and previous candle bodies), then $0.158–0.160 (stronger zone where price rejected multiple times recently), followed by $0.161–0.163. Moving Averages . MA5 ≈ $0.1529 — price is just above it but struggling MA10 ≈ $0.1536 — price sitting right on/very slightly below it MA30 ≈ $0.1553 — acting as dynamic resistance All three MAs are sloping downward → confirms the short-term bearish bias. A bearish stack (short MA < medium MA < long MA) is still in place. Volume & Momentum Volume: Spikes on red (down) candles are visible, with relatively lower volume on green attempts → sellers remain more aggressive. MACD (12,26,9): Histogram is negative, MACD line below signal line (bearish crossover remains active). The DIF/DEA lines are both deep in negative territory with very little bullish convergence yet → momentum still favors bears. No strong bullish divergence visible on the provided timeframe. Fund Flow Data (from your second screenshot – 1D view) Net inflow: –$235.68K over the selected period Total inflow ≈ +$3.96M vs Total outflow ≈ –$4.20M Small accounts dominate both sides, but slightly more outflow pressure → Net selling pressure from small traders over the recent period, aligning with the price decline. Overall Technical Bias (short-term) Bearish to strongly bearish in the short term. Sellers control the trend. Bulls need a strong reclaim of $0.156 → $0.158 (with volume) to neutralize the immediate pressure and shift structure. Without that, the path of least resistance remains downward, especially if $0.150 breaks. Possible Scenarios (next 12–48 hours) Bearish continuation (higher probability right now) → Break & close below $0.150 → targets $0.145–0.148, possibly lower liquidity hunt toward $0.14 zone. Short-term relief bounce (lower probability) → Hold $0.150–0.151, reclaim $0.155, then push toward $0.158–0.160. This would need clear volume increase and ideally MACD histogram flipping positive. Choppy range → Stuck between $0.150–0.161 until a catalyst (news, broader crypto move, or large order flow) forces direction.
Below MA30 Bearish stack MACD Bearish Negative & no strong reversal signal Volume bias Bearish Stronger on red candles Net Fund Flow (recent) Negative Net outflow Nearest Support $0.150–0.151 Critical zone Nearest Resistance $0.155–0.158 Must break to shift bias Caution: PI remains volatile with relatively thin liquidity compared to major coins — sharp moves in both directions are common. Always use proper risk management (stop-losses, position sizing). #Web3FebruaryFocus
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$PI Bearish Pressure Continues.
Spot price: ≈ $0.1535 (down ~4.1–4.2% in the last 24 hours)
24h range: Low ≈ $0.1501, High ≈ $0.1615
Recent structure: Clear downtrend visible on the chart. Price has been making lower highs and lower lows over the past several days/weeks.
Trading near the lower part of the recent range, just above the 24h low.
Strong support nearby: The $0.150–0.151 zone acted as a temporary floor (wick low visible). A clean break below it would likely accelerate selling toward $0.145–0.148 (next psychological + possible deeper Fibonacci level).
Resistance overhead: Immediate resistance at $0.155–0.156 (near the MA5 and previous candle bodies), then $0.158–0.160 (stronger zone where price rejected multiple times recently), followed by $0.161–0.163.
Moving Averages .
MA5 ≈ $0.1529 — price is just above it but struggling
MA10 ≈ $0.1536 — price sitting right on/very slightly below it
MA30 ≈ $0.1553 — acting as dynamic resistance
All three MAs are sloping downward → confirms the short-term bearish bias. A bearish stack (short MA < medium MA < long MA) is still in place.
Volume & Momentum
Volume: Spikes on red (down) candles are visible, with relatively lower volume on green attempts → sellers remain more aggressive.
MACD (12,26,9): Histogram is negative, MACD line below signal line (bearish crossover remains active). The DIF/DEA lines are both deep in negative territory with very little bullish convergence yet → momentum still favors bears.
No strong bullish divergence visible on the provided timeframe.
Fund Flow Data (from your second screenshot – 1D view)
Net inflow: –$235.68K over the selected period
Total inflow ≈ +$3.96M vs Total outflow ≈ –$4.20M
Small accounts dominate both sides, but slightly more outflow pressure
→ Net selling pressure from small traders over the recent period, aligning with the price decline.
Overall Technical Bias (short-term)
Bearish to strongly bearish in the short term.
Sellers control the trend.
Bulls need a strong reclaim of $0.156 → $0.158 (with volume) to neutralize the immediate pressure and shift structure.
Without that, the path of least resistance remains downward, especially if $0.150 breaks.
Possible Scenarios (next 12–48 hours)
Bearish continuation (higher probability right now)
→ Break & close below $0.150 → targets $0.145–0.148, possibly lower liquidity hunt toward $0.14 zone.
Short-term relief bounce (lower probability)
→ Hold $0.150–0.151, reclaim $0.155, then push toward $0.158–0.160. This would need clear volume increase and ideally MACD histogram flipping positive.
Choppy range
→ Stuck between $0.150–0.161 until a catalyst (news, broader crypto move, or large order flow) forces direction.
Below MA30
Bearish stack
MACD
Bearish
Negative & no strong reversal signal
Volume bias
Bearish
Stronger on red candles
Net Fund Flow (recent)
Negative
Net outflow
Nearest Support
$0.150–0.151
Critical zone
Nearest Resistance
$0.155–0.158
Must break to shift bias
Caution: PI remains volatile with relatively thin liquidity compared to major coins — sharp moves in both directions are common. Always use proper risk management (stop-losses, position sizing).
#Web3FebruaryFocus