{"content":"⚠️ PI Token Teeters Near Collapse — Bearish Storm Intensifies In a declining channel pattern, Pi Network's PI token falls to $0.3220, a record low. High CEX wallet balances imply substantial PI deposits as risk-off sentiment rises. Bearish technical indicators predict a fresh record low. After two days of roughly 10% losses, Pi Network (PI) rebounds by 1% on Wednesday. PI token prices are dropping in a channel pattern and might hit a record low as huge transfers to centralized exchanges (CEXs) increase selling pressure. Large CEX deposits indicate selling pressure. PiScan data reveals that 7.06 million PI token inflows to CEX wallet balances outperformed the 3.94 million PI outflow, resulting in a 3.11 million PI token net inflow worth almost $1.08 million at the current pricing. CEX wallet balances up 0.75% to 414.63 million PI tokens after 3.11 million net PI token inflow. Two of the three biggest Pi Network transactions in the previous 24 hours are significant OKX deposits. The transactions include 1.24 million and 809,684 PI tokens. Large deposits boost exchange reserves, signaling investor risk-off attitude and accelerating the corrective phase. A declining channel might cost Pi Network more. around press time on Wednesday, bulls are trying to stop the third straight bearish candle on the daily chart around $0.3481. Price activity on the same chart shows a retreat phase in a falling channel pattern, with bears seeking $0.3220, the August 1 all-time low. A significant push below this level might retest the falling channel's bottom barrier under $0.2700 for a record low. On the daily chart, the RSI is 42, above the oversold line. This indicates bearish momentum with opportunity for correction. When the MACD falls below its signal line, trend momentum becomes negative. Looking higher, the PI token should regain $0.4000 to test the overhead trendline at $0.4342. #pi #PiCoreTeam #PiNetwork #Write2Earn $SOL $XRP $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/20/04b78ff4c8204add92f04c4862aaf4ea.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}