Pi Network dey test $0.52 resistance for descending triangle
Pi Network price dey trade inside big descending triangle, e dey test $0.52 resistance level and di 100-day moving average again and again. After two failed breakouts, di token go back to near $0.46, e form lower high and confirm say e dey downtrend, but trading volume wey dey rise mean say buyers still dey interested. Key support levels for $0.44 and $0.40 fit to reduce loss, daily RSI still below 50, e show say bearish momentum still strong; traders suppose watch for clear breakout pass $0.52 and 100-day MA or breakdown under support make dem know where Pi Network price go next move.
Bearish
Pi Network price don try break pass the $0.52 resistance and the 100-day moving average many times but e no gree, e dey form lower highs inside one descending triangle. The RSI still dey below 50 and the price dey go down, e show say bearish momentum dey, fit mean say price fit drop more if support for $0.44 and $0.40 no hold. Even though the rising trading volume dey show say buyers still dey interested, traders go likely dey careful till clear bullish breakout happen, so short-to-medium outlook for the token still be mainly bearish.