Pi Network’s PI Token Braces for Volatility: This Week’s Make-or-Break Price Outlook
Mining app darling Pi Network faces its latest credibility test as PI token traders eye key resistance levels. Will this week finally deliver the long-promised ’mainnet miracle’—or just another round of hopium?
Technical indicators show PI clinging to a precarious support zone after last week’s 12% drop. Watch for whale activity around the $32.50 level—a break either way could trigger cascading liquidations.
Meanwhile, the project’s ’stellar core team’ (their words) remains suspiciously silent about exchange listings. Funny how these decentralized visions always seem to centralize around delayed roadmaps.
1. Price Explodes
In the past week or so, PI’s price has exploded and almost tripled. It went from $0.6 to almost $1.7. A pullback here is likely considering this huge rally in such a short amount of time. If buyers cannot break the resistance at $1.7, then Pi may fall to the $1.4 support.
2. Indicators are Overbought
The daily RSI is placing PI at 88 points out of a maximum of 100. This puts Pi Network’s native token in the overbought area. If a correction indeed follows, then the support levels at $1.4 and $1 will be the most likely candidates to stop any future downfall.
3. Buy Volume Goes Exponential
One of the reasons PI managed such an impressive rally is that its buy volume went exponential within a few days. Bulls came in force, and such volume was not seen since the price bottomed in early April at $0.4.
Sustaining such a rally over time is hard, therefore it is important to be cautious whenever the volume stops making higher highs.
