Pi Network (PI) trades at $1.58, mirroring ongoing selling pressure, as technical indicators suggest a bearish outlook. The daily decline of 8.08% highlights market volatility, while the broader trend remains uncertain amid mixed signals.
On the daily timeframe, PI remains under pressure. The RSI (53.8) indicates a neutral stance, while the MACD (-0.03939) signals downside momentum. The ADX (28.86) suggests a strong trend, but Williams %R (-73.9900) and ROC (-40.09648) reinforce selling sentiment. However, Stochastic RSI (0.3029) and Highs/Lows (2.98) show potential buying interest, hinting at possible short-term rebounds.
| S2 | S1 | Asset | R1 | R2 |
| $1.50 | $1.57 | Pi Network | $1.76 | $1.87 |
PI’s moving averages show a bearish outlook, with 12 out of 15 indicators favoring selling. The short-term EMA (10) at $1.66 and SMA (10) at $1.67 present downward momentum, while mid-to-long-term trends remain bearish with EMA (50) at $1.72, EMA (100) at $1.71, and EMA (200) at $1.71 all in the sell zone. Only the HMA (1.53) suggests potential buying support.
Source: TradingView
Given the high volatility and strong selling signals, PI could see sharp price swings. A break below $1.57 may accelerate selling, while a move above $1.76 could trigger a short-term recovery. Traders should remain cautious and monitor key levels before making trading decisions.
