Pi Network (PI) has risen by over 4% in the past 24 hours following the release of its Migration Roadmap. The token shows early signs of recovery based on technical indicators, but sustained bullish momentum remains uncertain.
While setups like the Ichimoku Cloud and RSI hint at a potential shift in sentiment, resistance levels hold firm. Community frustration persists due to ambiguities in the roadmap, adding pressure to PI’s next moves.
PI Tests Cloud Resistance Amid Weak Trend Structure
Pi Network currently trades just below the Ichimoku Cloud, reflecting buyer hesitation. Despite higher lows and bullish intent in recent candlesticks, the price remains under the cloud’s resistance zone.
The Tenkan-sen (blue line) stays below the Kijun-sen (red line), indicating short-term momentum hasn’t overtaken the mid-term trend. Until a bullish crossover occurs and the price breaks above the cloud, caution outweighs confirmation.
👉 Key Trading Strategies for PI
Looking ahead, the cloud thickens and steepens, suggesting heightened volatility and a potential strong trend—bullish or bearish—may soon emerge. A successful breakout above the cloud would signal a critical shift. However, PI remains vulnerable to rejections and sideways movement while below this zone.
RSI Rises but Fails to Sustain Above 57
Pi Network’s RSI sits at 53.77, rebounding sharply from an oversold low of 32.34 two days ago. Yet, after peaking at 57.25 yesterday, the RSI dipped slightly, indicating waning bullish momentum.
This suggests buying pressure lacks consistency for a full breakout. The market appears stable but lacks a strong directional trend.
RSI Interpretation:
- Neutral-Bullish: Current RSI (53.77) shows moderate strength but is far from overbought (>70).
- Room for Growth: Momentum could reignite upward movement, but the trend remains unconfirmed.
PI Nears Breakout Despite Roadmap Disappointments
PI’s price hovers below a critical resistance level (~$0.66), signaling a potential decisive move.
Bullish Scenario:
- Breakout above $0.66 could target $0.789–$0.858, with extended rallies to $1.23 or $1.79 possible.
Bearish Risks:
- Failure to breach resistance may trigger a correction to $0.54, with further declines to $0.40 if support breaks.
👉 PI Price Predictions and Analysis
The current zone is a battleground for buyers and sellers, with upcoming sessions likely determining PI’s next phase—renewed uptrend or renewed decline. Clarity hinges on technical levels and community sentiment.
FAQ
1. What is Pi Network’s Migration Roadmap?
The roadmap outlines PI’s transition phases but lacks detailed timelines, causing community frustration.
2. Why did PI’s price surge 4% recently?
Short-term buying pressure and technical recovery drove the rise, though sustainability depends on breaking key resistances.
3. What are the key resistance levels for PI?
$0.66 is the immediate resistance; a breakout could propel PI toward $0.858 or higher.
4. How does the Ichimoku Cloud affect PI’s trend?
Trading below the cloud signals bearish pressure. A breakout above it would confirm bullish momentum.
5. Is PI a good investment now?
High volatility and mixed signals warrant caution. Monitor breakout/breakdown levels for clearer direction.
Disclaimer: All content is for informational purposes only. Readers must conduct independent research before making financial decisions.