Pi Network Collapses Again After a Short Price Rise – What Will Happen to PI Next?

Pi Network (PI) has fallen more than 8.5% over the past seven days. It has traded below $0.65 for six consecutive days but has dropped below $0.60 today. The trend remains weak, with price action stuck below the Ichimoku Cloud. The RSI of this altcoin has risen above 50 for a short time but has fallen back to 45, indicating that the bullish momentum is weakening. The EMA is still falling. It is hovering just above the key support level, and the next move could determine between a deeper decline and a potential recovery. Pi Network faces falling pressure below the Ichimoku Cloud Pi Network is still trading below the Ichimoku Cloud, signaling a bearish market structure in general. However, a potential change may be developing, as the blue Tenkan-sen (đường recent đổi) has overtaken the red Kijun-sen (đường sở). This intersection is often considered an early bullish signal, especially if confirmed by increasing volume or a move into the Ichimoku Cloud. However, the future cloud remains red, indicating ongoing resistance ahead and signaling that the overall trend is still under pressure.

Chikou Span (lagging line) is still below both the price candles and the Ichimoku Cloud. This means that any upward movement has not yet been confirmed. To reverse the real trend, the PI must break and stay in the cloud. The future cloud should also turn green, with all Ichimoku signals bullish. Currently, the setup shows hesitation. There is a short-term bullish crossover, but the price is still below the cloud and the overall trend remains bearish. The momentum of Pi Network slows down as RSI falls below 50 The RSI of Pi Network is currently at 45.41, a slight fall after a strong increase from 28.49 to 54.40 just two days ago. This indicates that the upward momentum is slowing down after a brief recovery. The pullback from above 50 indicates that buying pressure has weakened and PI is moving into a more neutral zone, where neither the buyers nor the sellers have full control. This rapid reversal also reflects the uncertainty in the current price trend.

The Relative Strength Index (RSI) is a momentum oscillator that ranges from 0 to 100, commonly used to identify overbought or oversold conditions. Indicators above 70 suggest that an asset may be overbought and a correction is forthcoming, while indicators below 30 indicate oversold conditions and potential recovery. Values from 30 to 70 are considered neutral, with 50 being the key pivot point. The current RSI of the PI is at 45.41 below that threshold, hinting at a slight downtrend unless the data returns to the upside. If the RSI continues to fall, it could reflect increased selling pressure and the risk of further weakening prices. Pi Network hovers near the main support level with falling EMA The price of PI is trading just above the important support level of $0.59, with bearish pressure increasing. If this level is challenged and broken, the next important support levels are at $0.547 and $0.40, which may cause this token to undergo a deeper correction.

The exponential moving average (EMA) is still in a falling trend, with the short-term EMA below the long-term EMA. This structure typically signals that the overall trend remains bearish. However, if the trend reverses and buyers come in, PI may rise to test the resistance levels at $0.648, followed by $0.682. A breakout above both levels—especially if supported by volume and the EMA lines crossing upwards—could push the price up to $0.789, signaling a more sustainable upward shift.