Pi Token Faces Bearish Pressure Despite Minor Gains
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Token’s slight 0.63% intraday rise to $0.645 fails to overshadow its underlying weakness. The asset continues to trade below all major moving averages, with the 50-day SMA at $0.717 acting as a strong resistance level. The market structure indicates seller dominance, especially after May’s unsuccessful attempt to break above $1.60.
Technical indicators remain cautious. The RSI at 40.14 reflects weak momentum, while an unconvincing MACD crossover lacks volume support. Although Bollinger Band expansion suggests potential volatility, the direction remains uncertain until clearer breakouts occur.
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