The PI token has suffered a steep decline, dropping to $0.61 after falling over 22% in just one week.
The sharp drop highlights intensifying pressure on the asset as investor sentiment across the broader crypto market continues to sour.
This slide mirrors a larger trend in digital assets, with the total market cap shrinking by more than 5% over the past seven days—wiping out roughly $170 billion in value. In this context, PI has not only followed the downward momentum but appears to be facing unique selling pressure of its own.
Technical indicators paint a grim picture. The BBTrend oscillator, which evaluates price movement based on Bollinger Band expansion, has remained in negative territory—currently reading -4.52. This suggests PI is repeatedly closing near the lower band, typically a sign of persistent bearish momentum and continuous selling.
What’s more troubling is the behavior of institutional players. The Smart Money Index (SMI), a tool that tracks activity during early and late trading hours to infer institutional movements, has been steadily declining for PI. This points to reduced buying interest from large investors, often a warning sign that deeper losses could follow.
Together, the weakening BBTrend and falling SMI indicate that both technical and fundamental forces are working against PI. Unless momentum shifts or broader market sentiment recovers, the token could face additional pressure in the near term.
Wallets linked to the development team behind the TRUMP memecoin — associated with U.S. President Donald Trump — transferred 3.5 million tokens (worth $32.8 million) to Binance earlier today, raising questions about future sell pressure.
Binance will give traders first access to Humanity Protocol’s native token next week, rolling it out on two of its experimental venues before any spot listing is considered.
Crypto markets were the first to absorb the shock of escalating tensions between the U.S. and Iran, as news of targeted airstrikes on nuclear facilities sent ripples across the digital asset landscape.
Crypto markets saw a sharp decline over the weekend after the US launched its first military intervention in the conflict between Iran and Israel late on Saturday night.