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🔄 Pi Network at a Crossroads — Is the Recent Bounce a Trap?

Timur7777

Updated at: 3 days ago

{"content":"🔄 Pi Network at a Crossroads — Is the Recent Bounce a Trap? Pi Network may enter a falling channel downcycle after reversing from the 50-day EMA. Trading volume for PI tokens is stagnant. CEX wallet balances fell 2.88 million in 24 hours. Pi Network (PI) fell 3% at press time on Monday, extending the 8% decrease from Sunday in a negative daily chart pattern. The drop matches trading volume stagnation, indicating traders are cooling off. However, a large net outflow from centralized exchanges (CEXs) wallet balances in the recent 24 hours indicates trader confidence. CEXs' outflow indicates traders' optimism. Over the last 24 hours, PiScan data shows CEX wallet balances declining by 2.88 million PI tokens to 420.90 million. OKX, one of Pi Foundation's five KYB-aligned exchanges, had the greatest outflow of 3.79 million PI tokens. Massive CEX outflows show trader optimism. Since mid-August, Artemis data on daily PI token trading volume implies a $50 million–$100 million stalemate. PI suffers with falling channel breakouts Pi Network's brief rebound last week peaked at $0.4000 on Saturday. PI token reversed 8% on Sunday, continuing the slump by 3% on Monday. Bears are eyeing $0.3000 as the decline approaches its August 1 low of $0.3220. Pi Network should recapture the 50-day Exponential Moving Average (EMA) around $0.4047, which seems to be following the falling channel pattern's overhead trendline. If so, the rally may reach psychological $0.5000. #PiCoreTeam #pi #MarketPullback #TrumpTariffs #DogeCoinTreasury $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/01/9e8805e5c1cc4ed48492bca2266fdd82.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}

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