PI Token Faces Tough Resistance at $0.40 Amid Bearish Pressure — Key Levels to Watch

Pi Network's token is at a pivotal moment as it battles to surpass the $0.40 resistance level. Previously a strong support zone, this price point has now turned into a significant barrier, with two unsuccessful breakout attempts in the last week. Each brief push above was met with heavy selling, highlighting bear dominance at this critical level.

While Pi shows a slight 2% gain today, aligning with broader market movements, the 26% drop in trading volume raises concerns. This negative divergence between price and volume signals weakening bullish momentum, often a precursor to pullbacks when daily demand falters.

Technical indicators further support the bearish outlook. The daily Elder-Ray Index reflects diminishing buying pressure, and the resistance flip at $0.40 sets a clear battleground for bulls and bears. Traders are now watching for either a decisive breakout or confirmation of a reversal at this psychologically key level.