PI Network Stalls Below Key Resistance as Traders Await Market Catalyst

PI Network''s price has flatlined below critical resistance levels, indicating a market in equilibrium. Traders show hesitation, with neither bulls nor bears gaining control. The token''s Relative Strength Index (RSI) at 40.96 confirms this indecision—remaining neutral after a week of sideways movement.

Technical indicators highlight stagnation. Pi continues to trade below its 20-day Exponential Moving Average, typically a bearish short-term signal. However, the prolonged RSI consolidation suggests an imminent volatility surge. Market participants appear to be waiting for a fundamental catalyst to break the deadlock.

Such consolidation phases often precede significant price movements. For PI Network, this could signal either accumulation before an upward breakout or distribution leading to further declines. The token''s next major MOVE will likely hinge on broader market sentiment and project-specific developments.