Pi Network’s PI Token Rises 7% Amid Neutral Market Sentiment
Pi Network’s native token PI gained 7% in recent trading, though technical indicators suggest the uptick lacks strong bullish conviction. The price movement appears more correlated with broader market trends than specific demand for PI.
Market analysts observe the Relative Strength Index (RSI) remained flat during the price increase, indicating balanced buying and selling pressure rather than sustained bullish momentum. The RSI currently sits in neutral territory, showing neither overbought nor oversold conditions.