Pi Network has been struggling, and nothing seems to be working in its favor. From KYC controversies to network issues and lackluster updates, the project has been surrounded by setbacks. After all the initial hype, its price has now dropped over 61% in just a month, leaving investors disappointed. Even its recent integration with Telegram’s Crypto Wallet failed to spark any real buying momentum.
With the token stuck in a bearish trend and investor interest fading, the big question is: can Pi break free from this downtrend, or is more trouble ahead? Let’s take a closer look at what’s happening.
Telegram Integration Fails to Lift Pi
Many expected Pi’s partnership with Telegram’s Crypto Wallet to trigger a price rally, but that hasn’t happened. Instead, the token has remained under selling pressure, unable to gain upward momentum.
One key indicator, the Bollinger Band Trend (BBTrend), has been negative for 12 straight days, currently sitting at -22.34. A negative BBTrend shows that sellers are in control, and the further it moves away from zero, the stronger the downtrend becomes.
Investor Confidence Remains Weak
Despite the Telegram announcement, investor interest has not been strong enough to reverse the decline. The market remains cautious, and without a major push from buyers, Pi could continue to slide. Many had also hoped that a listing on Binance would drive the price higher, but so far, that expectation has not materialized. As a result, the selling pressure on Pi remains high.
Signs of Recovery Appear, But Uncertainty Remains
There is a small sign of improvement, as Pi’s Relative Strength Index (RSI) has risen from an oversold level of 23.8 to 40.45. The RSI is used to measure whether an asset is overbought or oversold. When the RSI is below 30, it suggests extreme selling pressure. While Pi has moved out of this danger zone, its RSI is still below the neutral 50 mark, meaning buyers remain hesitant.
For a true shift in momentum, Pi’s RSI would need to rise above 50. Until that happens, the token is more likely to continue trading sideways or even drop further.
Key Levels to Watch for PI Price
Pi Network is currently testing an important support level at $0.718. If this level fails, the next major support sits at $0.62, which could act as a temporary floor. However, if selling pressure increases, Pi could fall even lower.
On the upside, if Pi starts gaining momentum, the first major resistance to break is at $1.05. If the token successfully moves past this level, it could climb to $1.23, and with further bullish momentum, it might even reach $1.79.
For now, Pi remains in a downtrend with no strong signs of recovery. Unless a major catalyst sparks demand, the token’s struggle may not be over yet. Investors will need to watch for any potential developments that could shift sentiment or prepare for further declines.
Crypto markets love a good plot twist, but for now, Pi Network’s story feels stuck in a loop. Until something changes, the wait continues.
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