Pi Network Fades From Crypto Conversations—Is a Return to All-Time Low Next?


PI struggles at $0.37 resistance, with limited trading interest and price movement.
Social dominance drops to a weekly low of 0.096%, indicating reduced relevance in the crypto community.
Negative weighted sentiment raises concerns of a potential decline to the all-time low of $0.32.
Since the beginning of the week, Pi Network’s native token PI has traded sideways, facing new resistance at the former support floor formed at $0.37.

Traders and investors continue to show limited interest in the altcoin, as its lackluster price performance has failed to inspire confidence among holders.

Falling Interest Threatens Pi Network
According to Santiment, PI’s social dominance has plunged to a weekly low of 0.096%, indicating a sharp decline in the altcoin’s relevance within crypto discussions during the review period.
The social dominance metric measures how frequently an asset is mentioned across social platforms relative to the rest of the market. When its value falls, the asset is losing attention and engagement from the community.
PI’s falling social dominance is noteworthy because the lack of market buzz reduces the likelihood of new buying pressure entering the market, putting it at risk of a downside breakout.

Furthermore, PI’s weighted sentiment has remained persistently negative since the beginning of the week, supporting this bearish outlook. As of this writing, this sits at -0.342.

The weighted sentiment metric analyzes social media platforms to gauge the overall tone (positive or negative) surrounding a cryptocurrency. It considers the volume of mentions and the ratio of positive to negative comments.

When an asset’s weighted sentiment is negative, the overall market sentiment, measured from social data, is bearish. This suggests that PI traders and investors remain pessimistic, which could weigh on the asset’s price performance in the near term.

PI’s dwindling presence in online conversations, coupled with predominantly negative sentiment, points to one thing: a sustained price decline.

This combination heightens the risk of a further decline toward its all-time low of $0.32.

However, a spike in buying activity and renewed demand could help PI overcome resistance at $0.37 and push its price toward $0.40.

#PI#
#TopContentChallenge#
PI0.18%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
Discoveryvip
· 2h ago
Watching Closely 🔍
Reply0
MominurRahman990vip
· 2h ago
Thank you so much for the information
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)