Pi Network (PI) fell again on Monday by about 6 per cent, continuing its long-term downward trend following a 7 per cent decline in the previous trading day. Retail participation continued to decline, falling to below $9 million in Open Interest, indicating a decline in leverage transactions. Analysts have warned that continued de-locking of tokens may continue to press prices, which may decline further if supply exceeds demand.

Retail demand continues to weaken

Recent derivative data show that the interest of traders is weakening. According to CoinAnk, the Open Interest (OI) of Pi Network fell to $8.48 million on Monday, compared to $8.91 million the previous day. The decline in Open Interest indicates that traders are closing their leverage positions rather than opening new positions, reflecting a decline in confidence in the currency and in speculative activity.

Bear's target is $0.075.

Technically, Pi Network has been in a continuous downward trend since the end of April, creating a lower-channel pattern on the dai map. If the seller succeeds in overcoming this level of support, the next critical support position is 0.0679 and corresponds to the F1.618 Bonacci extension, which fell from $0.98 to $0.1183 prior periods.

The technological kinetics continue to be empty and the relative strength and weakness index (RSI) has dropped to about 10, indicating that the asset is located in the oversale area, highlighting the intensity of the pressure on recent sales. Together, these indicators show that, despite the increasing under-soldier conditions, empty kinetic energy continues to dominate.

Outlook for the future

The current focus remains at the support level of $0.075. If there is a decisive breakthrough in the region, it is possible to accelerate the decline to 0.0679 dollars, further reinforcing the current downward trend. On the other hand, if the buyer was able to defend the support and trigger a rebound, PI might first target FIF 1.272 for the expansion of US$ 0.0961 and then for an important psychological resistance level of US$ 0.1000. The technological outlook for Pi Network remains more downward, with weak retail demand and increased availability of coins placing pressure on market sentiment, pending a return to stronger buying activities.