Pi’s price action turned decidedly bearish this week as sellers stepped in with force, pushing the token toward a key $0.130 absorption area while trading volume spiked. What happened - After consolidating above $0.190, Pi (PI) suffered a decisive breakdown that flipped $0.190 into resistance and accelerated downside momentum. Candle bodies widened on down moves and sessions repeatedly closed near their lows — a classic signature of aggressive selling rather than passive drift (TradingView). - The move carved out a 23.60% slide toward the $0.130 area, where liquidity is concentrated and where bids may absorb further selling. At the time of writing PI was trading around $0.1444, with volume jumping 126.75% to roughly $35.3 million — a sign of distribution-heavy activity rather than calm retracement. Key levels to watch - Immediate resistance: $0.190 (now flipped). - Primary support / liquidity floor: $0.130 (the report references $0.1302 as the tested support). - If $0.130 fails, PI could fall into a low-liquidity pocket near $0.115, with further downside toward the historical demand zone around $0.100. Price mechanics and scenarios - As Pi approaches the $0.130 liquidity band, absorption becomes possible if resting bids convert into aggressive buys — visible as long lower wicks and stronger closes above the floor. Such behavior could tighten candle bodies and signal an early demand response. - Conversely, sweep risk is high: expanding sell volume or a rotation of liquidity could breach $0.130 and accelerate the drop into thinner liquidity below. - Broader market context matters. The total crypto market cap fell about 5.04%, and Bitcoin’s dominance expanded — pulling liquidity away from altcoins and compressing Pi’s relative demand (CoinMarketCap). As long as Bitcoin is searching for structural support and macro conditions remain weak, Pi’s near-term momentum will likely stay fragile. Outlook - If macro conditions stabilize and selling pressure eases, Pi could settle into a consolidation range above recent lows. - Failure to absorb selling at $0.130 would likely expose the token to deeper losses toward $0.115–$0.100. Disclaimer This article is for informational purposes and is not investment advice. Cryptocurrency trading carries high risk; do your own research before making any decisions. Read more AI-generated news on: undefined/news