Pi Network (PI) Price Forecast: Bullish Signals or Another Crypto Mirage?

Pi Network's native token PI is flashing mixed signals as traders brace for volatility this week. The mobile-mined crypto asset—still waiting for its mainstream breakout moment—faces a critical test of investor patience.

Will PI defy the skeptics or become another casualty of 'vaporware season'?

Technical indicators show PI consolidating near key support levels. Meanwhile, the project's 'mainnet when?' narrative continues testing community faith—because nothing builds confidence like three years of 'soon.'

Watch for make-or-break momentum this week as PI either rides the broader market recovery... or gives crypto Twitter fresh ammo for their 'shitcoin' takes. Either way, hedge funds will profit from the volatility while retail bags get heavier.

PI Coin Price Predictions to Watch This Week

1. Downtrend Continues

Unfortunately, Pi started August with a lower low. This suggests that its ongoing downtrend will continue for some time. Nevertheless, the price appears to have found good support at 32 cents where buyers showed interest. Hopefully, PI can break above the resistance at 37 cents. Otherwise, this could be just a dead cat bounce.

2. Sell Volume is Still High

On August 1st, PI’s price crashed by 20% as selling volume increased day over day and peaked on August 2nd. After that, sellers have become more shy which allowed the price to recover somewhat. Until PI moves above $0.37 it’s too early to say sellers lost interest.

3. Daily RSI is Oversold

One possible reason why buyers appear interested here is because the daily RSI has reached the oversold area and is now curving back up. This suggests that PI is on a discount at current price levels which attracts buyers. Even so, sellers could return once this bounce is over. Best to wait for a clear breakout above $0.37 before acting.