Pi Network Faces Uphill Battle to Regain $1 as Technicals Flash Bearish Signals

Pi Network’s decoupling from Bitcoin has taken a bearish turn, with recovery above the psychologically critical $1 level appearing increasingly unlikely. The project now faces stronger headwinds than in previous rebound attempts, as market dynamics shift against it.

Technical indicators paint a concerning picture. The Average Directional Index (ADX) reading of 32 - significantly above the 25 threshold - confirms the downward trend’s strengthening momentum. Meanwhile, the Parabolic SAR’s positioning above price candles forms a classic bearish pattern, typically preceding extended declines.

This confluence of signals has triggered heightened caution among traders, with many interpreting the technical setup as justification for increased selling pressure. The network’s waning traction contrasts sharply with broader cryptocurrency market movements, where major assets continue demonstrating correlation.