Pi Network’s PI Token at Critical Juncture: Rally or Retreat Ahead?
Pi Network's native token, PI, has regained trader attention with its market cap nearing $1.88 billion. The asset shows mixed signals—a 0.7% daily gain countered by an equal weekly loss, reflecting market uncertainty. Technical patterns suggest potential upside, but neutral momentum indicators and whale activity add complexity.
Currently testing a crucial $0.22 support level after breaking out from an inverse head-and-shoulders pattern, PI could target $0.25 if momentum holds. However, with RSI at 49 and bearish MACD signals, traders are watching $0.215 as a key level—a break below WOULD negate bullish prospects.
Long-term challenges remain evident as Pi trades well below its 200-day EMA of $0.437. The network's fundamentals now face their ultimate test: Can developer progress and adoption overcome persistent macroeconomic pressures?
