Pi Network briefly dipped below $1 as PI shows oversold signals! Pi Network ( PI ) recently experienced a significant price dip, exacerbated by the exchange's decision to exclude the coin from its new listing voting campaign. This move led to a decrease in investor confidence, further lowering the price of Pi Network.

As a result, investors became increasingly hesitant, withdrawing their funds from the project.
Pi Network is losing investor interest
The Cash Flow of Chaikin (CMF) for Pi Network is currently at its lowest point since the project's inception. This indicates that the outflow from the altcoin has reached a historical high, which reflects a lack of conviction among investors.
Negative sentiments have forced many to withdraw their money from Pi Network, which further reduced the value of the asset.
This intensified outflow may have a lasting impact on the price, as it indicates that investor confidence is wavering. As confidence in Pi Network continues to dip, more investors may decide to close their positions, which could lead to an even greater decrease in price. The macro dynamics of Pi Network have also shown signs of change. The relative strength index (RSI), which measures the strength of price movements, has bounced back after reaching the oversold zone earlier this week. This is typically seen as a sign of a potential reversal, suggesting that the bearish momentum may weaken.
However, despite this slight improvement in RSI, Pi Network has not yet seen significant growth. This indicates that broader market pressure is still very strongly present. Currently, Pi Network is trading at $1.00, down 44% over the past ten days. The altcoin is trying to hold above this price point and has achieved relative success in doing so.
However, the continuing outflow and broader market conditions indicate that Pi Network may struggle to maintain its current level.
If the selling pressure continues, Pi Network may dip to the support level of $0.92. A drop below this level could lead to further declines to $0.76, which would increase recent losses. Given this potential for further decline, investors will need to closely monitor these support levels. If Pi Network manages to reclaim $1.19 as support, it could pave the way for a potential recovery. Successful growth above this level could push the price back to $1.43, helping the coin recover some of its recent losses.