Pi Network (PI) Price Outlook: Will This Week Bring a Breakout or Bust?
Pi Network bulls eye critical resistance as volatility looms—can the mobile-mined crypto defy gravity or get crushed by macro headwinds?
Technical Spotlight: Key Levels to Watch
The PI chart shows a tightening coil between support and resistance—classic powder keg setup. Either the 200-day moving average holds as springboard, or we're looking at another 'degen play' evaporating faster than a VC's promises.
Market Sentiment: Hope vs. Reality
Community hype clashes with exchange liquidity issues—because nothing screams 'Web3 revolution' like not being able to cash out. Meanwhile, Bitcoin's dominance threatens to suck oxygen from altcoins yet again.
Make or Break Moment
PI either rides the next wave of Layer 1 rotation or becomes another cautionary tale in the crypto graveyard. Smart money's watching the order books, not the Telegram shills.
PI Coin Price Predictions to Watch This Week
1. Downtrend Continues
While most of the market is turning bullish, PI Network appears to struggle, being unable to find buyers. With the price making new local lows, it seems that this cryptocurrency might decrease even further and hope that the support at 40 cents wil bring interest back.
2. Sellers Dominate
A quick look at the volume profile shows that sellers are dominating the chart with 10 days out of 16 closing in red only in July. This has kept the downtrend intact and until the key resistance at $0.52 is broken, it is unlikely that Pi can return on an uptrend.
3. Momentum Indicators Remain Bearish
The daily RSI has consistently remained under 50 points in the past two months and is currently close to 30. This is a sign of weakness and can be interpreted as bearish. For Optimism to return, the RSI has to climb back above 50 and stay above it.
