BITmarkets Team
Jul 31, 2026
The current price action raises the question of whether the recent decline is nearing exhaustion or whether sellers could continue to dominate in the weeks ahead.

PIUSD - 1 Day Time Frame
PI is currently trading around $0.082, slightly above the immediate support level at $0.073, which marks a new low for 2026. This support zone is the most important level for buyers to defend, as a sustained hold above it could provide the foundation for a period of price stabilization.
On the upside, the first major obstacle is the psychologically significant $0.100 support/resistance level, which is currently acting as resistance. A move above this level could improve short-term sentiment and suggest that buyers are gradually regaining control after months of persistent selling pressure.
For now, however, PI continues to trade within a broader bearish structure. The token could continue consolidating between support and resistance until a clearer directional move emerges.
If PI manages to break above the $0.100 resistance and establish it as support, the next upside target could be the $0.130 resistance level. This area previously acted as an important price barrier and may once again attract increased selling activity.
A successful move above $0.130 would strengthen the bullish outlook and could create room for a broader recovery, although this would likely require a meaningful improvement in overall cryptocurrency market sentiment.
Conversely, if PI fails to hold the $0.073 support level, selling pressure could intensify and expose the token to fresh yearly lows. As with many digital assets, PI's next major move could depend not only on its own technical structure but also on broader crypto market sentiment, macroeconomic conditions, and geopolitical developments, making these factors important to monitor in the coming weeks.
Crypto assets are unregulated, decentralised and highly volatile assets which entail substantial risks and you may lose all invested capital. Refer to the Disclaimers for detailed information on potential risks.