PI Token Displays Short-Term Bullish Signals Within Persistent Downtrend
Pi Network's native token (PI) remains range-bound, facing persistent resistance at the $0.64 level. While bearish dominance continues, traders are noting a developing bullish divergence in the Money FLOW Index (MFI) that suggests weakening selling pressure.
Current price action shows Pi trading at $0.479, below the psychologically significant $0.50 threshold. The emerging MFI pattern of higher lows hints at potential for near-term upside, though the overall technical picture remains bearish absent a decisive break above $0.64 support.
With moving averages still favoring sellers, any rally attempts may face immediate resistance. This setup could present opportunities for tactical traders, but conservative investors may await clearer trend confirmation.
