Pi Network Tests $0.52 Resistance in Descending Triangle
Pi Network price is trading within a large descending triangle, repeatedly testing the $0.52 resistance level and the 100-day moving average. After two failed breakouts, the token retreated to around $0.46, forming a lower high and confirming a bearish downtrend, although rising trading volume suggests renewed buyer interest. Key support levels at $0.44 and $0.40 may limit further losses, while the daily RSI remains below 50, reinforcing bearish momentum; traders should watch for a decisive breakout above $0.52 and the 100-day MA or a breakdown below support to determine the next Pi Network price trend.
Bearish
Pi Network price has repeatedly failed to break above the $0.52 resistance and the 100-day moving average, forming lower highs within a descending triangle. The continued RSI readings below 50 and declining price structure confirm bearish momentum, suggesting potential further downside unless support at $0.44 and $0.40 hold. While rising trading volume hints at renewed buyer interest, traders are likely to remain cautious until a clear bullish breakout occurs, making the short-to-medium outlook predominantly bearish for the token.