#PI# The Pi Network (PI) Token experienced a big dump at the beginning of August, hitting a historical low of $0.32 on August 1st. Although it subsequently rebounded slightly by 4% to $0.36, bearish sentiment continues to dominate the market. In the past 24 hours, the rebound's volume plummeted nearly 30% (currently around $112 million), creating a significant volume-price divergence (negative divergence), indicating a lack of support for the rise. The Parabolic SAR shows that the resistance level is at $0.47, with the daily chart PI price oscillating between $0.32 (historical low support) and $0.40 (critical resistance). Technically, the short positions still control the situation, and unless new buy demand emerges to push through $0.40, the PI price faces the risk of re-exploring previous lows or even breaking below in the short term. The big dump at the beginning of August and the historical low of $0.32 have raised concerns about whether the Pi Network (PI) has a chance. 🤔?😁😁😁