PI Token Faces Renewed Bearish Pressure as Q2 Nears End
Pi Network is experiencing increasing bearish momentum as technical indicators suggest potential further downside. The token has dropped 40% since May 22, remaining confined within a descending parallel channel that highlights sustained selling pressure.
Market analysis shows concerning signals: the MACD indicator continues to hover in bearish territory, while the Super Trend maintains dynamic resistance. Without substantial new buying interest, PI appears likely to revisit its all-time lows—a scenario that WOULD represent the second such occurrence this month.