The PI network (PI) is down 14% in the last 30 days, its market capitalization falling below $ 5 billion and the merchant token less than $ 1 since May 14.
Technical indicators continue to show a lower momentum, Pi is struggling to cross key resistance levels. The Ichimoku Cloud, Bbtrend and Ema lines all indicate continuous weakness and a lack of bullish confirmation. Unless the momentum changes soon, PI can face a further side before any significant recovery can take shape.
The PI network faces strong resistance
The Ichimoku cloud shows that the PI (PI) network remains under high downward pressure. The price continues to be negotiated below the red cloud, indicating that the downward momentum still dominates.
The head range A (green line) remains below the leader B (red line), strengthening the downstream structure of the cloud to come.
The cloud is wide and declining, which suggests that any potential reversal can soon face significant resistance.
The Tenkan-Sen (blue line) is flat and hovers near the Kijun-Sen (red line), showing a small short-term moment and an indecision on the market.
In addition, the price candles are compressed in a narrow beach, indicating the consolidation without clear break.
The trend remains negative until the price moves decisively above the cloud and the lines turn upwards.
Pi bbtrend stabilizes, but the lower conditions persist
PI Network continues to show a weak momentum, with its Bbtrend indicator at -2.21, roughly unchanged in the last two and a half days.
The indicator has remained in negative territory in the past 14 days, with a net low -down -18.7 peak recorded a week ago.
Although recent stabilization suggests that the downward trend can lose strength, PI has not yet shown signs of a significant bullish reversal.
The Bbtrend (Bollinger Band Trend) measures the strength and the direction of price movements compared to the Bollinger bands.
The positive values suggest the bullish impulse because the price pushes the upper strip, while the negative values indicate lowering conditions with the prices remaining near the lower strip.
Current Bbtrend of PI at -2.21 reflects a slightly downside position – less extreme than earlier, but still lacking ascending pressure. The indicator must be transformed into a positive territory and hold the feeling of moving.
Pi Breakout could trigger a 37% rally
Pi Price remains in a downward technical configuration, its EMA lines showing short -term averages lower than those in the long term.
This alignment confirms the continuation of a downward trend unless the momentum changes significantly.
If the bearish pressure is built, Pi could retain the key support levels and a breakdown would mark the first time that the asset falls below a major historic threshold – invalidating the risk of decline.
However, if the purchase of pressure is strengthened, PI could test resistance to the next significant EMA area.
A successful escape above this level, supported by a strong dynamic, could open the door to a wider recovery.
In a bullish scenario, PI can climb to higher resistance targets, offering increase potential of more than 35%.
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