PI Network Consolidates: Critical Support and Resistance Levels to Monitor

PI Network's price has entered a consolidation phase, trading between $0.47 and $0.50 in recent days. Market participants remain cautious, waiting for a catalyst to break the current equilibrium between buyers and sellers.

Technical indicators reflect this stagnation. The Relative Strength Index (RSI) holds steady at 35.93, indicating neutral momentum, while the Average True Range (ATR) has dropped 12% since Tuesday, highlighting reduced volatility. Such conditions often precede significant price movements—either upward or downward.

Traders are closely monitoring the $0.50 resistance level. A sustained breakout could signal renewed bullish momentum, while a failure to maintain support at $0.47 may lead to further declines. Currently, PI's market appears poised for its next major move.