Weekly losers Pi [PI] — Social utility token reve

Weekly losers

Pi [PI] — Social utility token reversed back to its monthly low

Pi [PI] led this week’s losers, dropping nearly 15% from its $0.63 open as bears regained control. 

Crucially, the pullback followed a failed relief rally last week, where PI bounced 25% in just three days to hit a two-month high at $0.60. However, that momentum quickly faded.

Since its mid-May spike to $1.66, PI has struggled to establish solid support, and this week marked its third consecutive lower low, a clear continuation of the downtrend. 

Despite the drop, RSI hasn’t yet entered deeply oversold territory, suggesting further downside remains in play unless buyers step in with conviction.

A failure to reclaim the $0.47 breakdown level could open the door to a full retest of the $0.40 zone, flirting with all-time lows. 

Such a move would mark a critical breakdown, making the upcoming week a potential make-or-break moment for PI’s broader structure.