🔥PI fell by 26% in a single day! Massive selling pressure continues, and the holdings cost line has become a "ceiling"?

#PI perpetual contract is currently quoted at 0.46944 USDT. Although it has rebounded +2.03% in the last 24 hours, it has already fallen -25.96% on a weekly basis! Key data reveals a hidden danger:
⚠️ Bearish domination
- 24H sell volume 174 million USDT vs buy volume 71.84 million (the sell side is 2.4 times the buy side!)
- MACD death cross below water: DIF:-0.23277 DEA:-0.21844 accelerating down
- Moving average bearish arrangement: MA50 192837465656574839201 0.5140 19283746565674839201 << MA100 192837465656574839201 0.6510 19283746565674839201

💸 Holders are collectively deeply trapped
The current price of 0.469 is far below the average cost price of 0.6, indicating that most holdings are experiencing a floating loss of over -27.8%! Each level of resistance above is a sell pressure zone (0.639/0.650).

📊 On-chain movement alert
- 24H trading volume 23.52 million USDT (medium volume)
- But when the price rebounds, the trading volume shrinks, while it expands during the fall, a typical weak structure!

Operation Suggestions
🔸 Spot: A decisive stop loss is needed if it breaks the previous low of 0.458
🔸 Contract: A rebound to around MA5(0.51) may be a good point to short, leverage ≤20x
🔸 Bottom fishing? Wait for MACD to turn red + signals of rising volume and price

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