Pi Network (PI) Stuck Below Resistance as Bearish Signs Persist

Pi Network (PI) is down 14% over the previous 30 days, with its market cap falling beneath $5 billion and the token buying and selling below $1 since May 14.

Technical indicators proceed to point out bearish momentum, with PI struggling to interrupt via key resistance ranges. The Ichimoku Cloud, BBTrend, and EMA strains all level to ongoing weak point and a scarcity of bullish affirmation. Unless momentum shifts quickly, PI might face additional draw back earlier than any significant restoration can take form.

Pi Network Faces Heavy Resistance

The Ichimoku Cloud exhibits that Pi Network (PI) stays below sturdy bearish strain. The value continues to commerce beneath the pink cloud, indicating that downward momentum nonetheless dominates.

The Leading Span A (inexperienced line) stays beneath the Leading Span B (pink line), reinforcing the cloud’s bearish construction forward.

The cloud is huge and declining, suggesting that any potential reversal might face important resistance quickly.

The Tenkan-sen (blue line) is flat and hovering near the Kijun-sen (pink line), exhibiting weak short-term momentum and indecision out there.

Additionally, the worth candles are compressed inside a slender vary, indicating consolidation with no clear breakout.

The pattern stays adverse till the worth decisively strikes above the cloud and the strains flip bullish.

PI BBTrend Stabilizes, But Bearish Conditions Persist

Pi Network continues to point out weak momentum, with its BBTrend indicator at -2.21, roughly unchanged over the previous two and a half days.

The indicator has remained in adverse territory for the final 14 days, with a pointy bearish peak of -18.7 recorded one week in the past.

While the latest stabilization suggests the downtrend could also be dropping power, PI has but to point out indicators of a significant bullish reversal.

The BBTrend (Bollinger Band Trend) measures the power and path of value actions relative to Bollinger Bands.

Positive values counsel bullish momentum as the worth pushes the higher band, whereas adverse values point out bearish situations with costs staying close to the decrease band.

PI’s present BBTrend at -2.21 displays a mildly bearish stance—much less excessive than earlier, however nonetheless missing upward strain. The indicator should cross into constructive territory and maintain for sentiment to shift.

PI Breakout Could Trigger 37% Rally

PI value stays in a bearish technical setup, with its EMA strains exhibiting short-term averages beneath the long-term ones.

This alignment confirms the continuation of a downtrend until momentum shifts meaningfully.

If bearish strain builds, PI may retest key assist ranges, and a breakdown would mark the primary time the asset falls beneath a significant historic threshold—intensifying draw back threat.

However, if shopping for strain strengthens, PI may check resistance on the subsequent important EMA zone.

A profitable breakout above that degree, backed by sturdy momentum, may open the door for a broader restoration.

In a bullish situation, PI might climb towards increased resistance targets, providing a possible upside of over 35%.