The price of Pi Network (PI) is currently in a dangerous sideways consolidation phase after experiencing a historical low in late September. Technical Analysis shows that multiple key indicators have turned red, including the continuous decline of ATR, the formation of effective resistance at the 20-day EMA, and shrinking volume, all of which indicate that a new round of falls may be imminent. If the key support level of $0.2565 is breached, the price of PI may test the historical low of $0.1842 again, and investors should closely follow this dangerous signal.

The native Token of PI Network, PI, has been locked in a sideways consolidation range after falling to a historical low of $0.1842 on September 22. Currently, this Crypto Asset finds support at $0.2565 while facing resistance at $0.2917. Given the prevailing bearish sentiment in the broad market, the PI Token is at risk of retesting its historical lows. Technical indicators such as the decline in Average True Range (ATR), along with the price consistently staying below the 20-day Exponential Moving Average (EMA), confirm a bearish outlook in the short term, indicating weak market momentum and insufficient new capital inflow.