Price fluctuations, no daps and no clear mainnet launch – Pi Network is struggling to keep hope alive as pressure on all sides. The recent price fall is to tell another hard story, with his price that fluctuates near the $ 0.50.
This sudden drop has pushed the token dangerously close to its low 0.40 low, last considering just a week ago. The Bearish trend has worried for holders, but not all indicators point down.
Pi -Network price forecast: What now?
Pi Network RSI, the relative strength index, is currently at 35, which suggests that the PI network is approaching over -sold circumstances. The same scenario took place at the beginning of April, just before Token organized a recovery in the short term. If a similar pattern follows, Pi can prepare for a jump, especially if the sentiment starts to shift more positively.
Momentum -indicators point to the growing bullish pressure
Technical indicators start to show early signs of potential benefits. The Squeeze Momentum indicator has flashed black dots on the graph, which usually signals a consolidation phase before a greater price movement. In addition, the increasing number of green bars points to the histogram to an increase in the bullish momentum.
This combination of printing and strengthening the momentum could feed an outbreak if market conditions work together. A release of the squeeze to the advantage can help PI network to turn its recent losses and to push higher in the coming days.
Pi -Muntprijs: Critical levels to pay attention to the next move
At the moment Pi is being traded around $ 0.55, just shy for the most important resistance level at $ 0.57. If it can regain this level as support, the next upward target would be $ 0.61. Breaking through can possibly take Pi up to $ 0.71, which marks a meaningful recovery.
On the other hand, if the token cannot retain above the $ 0.51 support level, another drop could follow. A slide up to $ 0.45 or even a retest of the $ 0.40 low cannot be excluded, especially if the wider market weakness continues.
With Momentumgebouw and RSI that is approaching over, the PI network can have a change. But the key will be in the coming days. Whether it returns or slips depends on his ability to keep critical support and to withdraw renewed purchase interest.
In addition, on 28 June, the PI network community Pi2Day celebrates, where they make important announcements of the core team. It can create new excitement and buy interest.
Pi Token Unlock threatens the stability of the PI price
The price repair of PI Network stands for a major obstacle, because 337 million Pi -Tokens, worth around $ 185 million, unlock the next 30 days, according to Piscan. This steady increase in the offer adds a considerable sales pressure, especially with PI that is still not mentioned on large exchanges such as Binance and Coinbase. Since the market sentiment remains weak, the current unlocks can drag the already fragile price action further down.