Pi Network stock price remains under pressure, momentum weakens

• December 17, 2025
• |
• 07:03 (UTC+8)

The price of Pi Network continues to decline, with the 4-hour chart showing a steady downward movement rather than a sharp drop.

The token is currently trading near the lower end of its recent trading range, hovering around levels seen since October, with repeated failed attempts to rally.

Unlike previous sell-offs triggered by sudden surges in trading volume, the current market appears more controlled. The candlestick patterns remain compressed, suggesting that sellers are dominant but not aggressive, while buyers are mostly on the sidelines.

The Price Structure Shows a Continued Downtrend

From a market structure perspective, since peaking near $0.28 in late November, Pi's price has been in a persistent downtrend. Each rebound has been weaker than the last, further reinforcing the ongoing bearish structure over the past few weeks.

The chart shows that previous support areas have not been effectively reclaimed and have instead turned into resistance above. The price action has not seen a strong rebound, but rather small bounces followed by renewed weakness—a pattern typically seen when demand is waning rather than quickly recovering.

The RSI Indicator Shows Weak Demand, Not Capitulation Selling

Momentum indicators are consistent with the price action. On the 4-hour chart, the Relative Strength Index (RSI) has dropped to around 30. While this brings Pi close to the oversold area, the RSI has not shown the strong bullish divergence that usually signals a rebound.

This suggests the market is experiencing a period of weakness without conviction. In other words, sellers are no longer panicking, but buyers are also not stepping in aggressively enough to reverse the trend.

The MACD Indicator Confirms the Bearish Bias Remains

The MACD indicator also supports this view. The histogram remains slightly negative, with both signal lines compressed below the zero axis. This pattern indicates weak momentum rather than an imminent reversal.

It is worth noting that previous attempts by the MACD to turn positive during recent rebounds have been short-lived and failed to sustain upward momentum. The current situation suggests that unless upward momentum improves significantly, any rally is likely to be just a retracement.

What Factors Could Change the Outlook

For Pi Network's price to stabilize, there needs to be a clear change in market behavior—either a sustained increase in trading volume or a decisive breakout above nearby resistance levels. Otherwise, the price is likely to continue probing lower to find demand.

As long as the RSI remains under pressure and the MACD stays below neutral, the overall trend favors consolidation at lower levels or further declines, rather than a strong rebound. A structural shift would require reclaiming and holding previously broken areas, which the chart has yet to show.