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PI Network Shows Bullish Reversal Signals Despite Token Unlock Challenges
PI Network Shows Bullish Reversal Signals Despite Token Unlock Challenges
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
PI Network's price is showing signs of stabilization after a steep 70% drop from its May all-time high of $1.67, with technical indicators suggesting a potential trend reversal. The cryptocurrency has established new support around $0.45 following its breakdown from the $0.50–$0.52 range.
A bullish RSI divergence on daily charts indicates weakening bearish momentum, typically a precursor to short-term price recoveries. Traders are watching $0.65 as the next key resistance level, which aligns with the June 25 spike high.
While these technical developments appear positive, ongoing token unlocks continue to create selling pressure. The market must successfully absorb this additional supply before any sustained upward movement can occur.
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