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Pi Network Tests Key $0.60 Support as Bearish Signals Intensify
Pi Network Tests Key $0.60 Support as Bearish Signals Intensify
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s price action has entered a tense consolidation phase, with trading volumes drying up as the cryptocurrency tests a pivotal support level at $0.60. The mobile-mined asset, which debuted on exchanges in February 2025 at $3 after years of development, now trades 78% below its listing price despite its 35-million-strong user base.
Technical patterns paint a concerning picture. The failure to breach resistance NEAR $0.79 coincides with weakening momentum across RSI, MACD, and Stochastic RSI indicators. A descending wedge formation since mid-May remains unresolved, leaving traders questioning whether November’s predicted rally to $2.40 will materialize.
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