🔍 Rising Doubts Despite Mild Recovery for Pi Network

Recently, Pi Network experienced a significant downtrend, reaching a new all-time low (ATL). Although the price has shown a slight recovery from this bottom, the overall bearish trend remains unbroken.

Investors have taken notice of this price movement, but skepticism about Pi’s recovery potential continues to grow.

😟 Investor Sentiment Remains Deeply Bearish

At the moment, Pi Network is receiving very little support from the community. Overall market sentiment is highly negative.

The lackluster price action, combined with broader market instability, has led many to believe that Pi is unlikely to see any strong short-term gains.

Investor confidence is fading, and most market participants are staying on the sidelines.

📉 Lack of Momentum – Pi Struggles to Rebound

There are no clear catalysts – such as major news or key technical updates – that could push Pi’s price upward.

The Relative Strength Index (RSI), a key indicator of market momentum, has remained in bearish territory for over three weeks. It is still sitting well below the neutral level of 50, signaling continued selling pressure with no signs of reversal.

This prolonged weak RSI suggests Pi is struggling to regain upward momentum. Without a shift in market sentiment, a sustained price rally appears unlikely.

💰 Can Pi’s Price Drop Even Further?

Currently, Pi Network is trading at around $0.56, just above a key support level at $0.50.

Meanwhile, the resistance level at $0.70 remains a strong barrier that Pi has failed to break for quite some time.

Previously, Pi set a new all-time low at $0.40, further confirming its long-term downtrend.

📊 What’s Next for Pi Network?

If the price fails to hold above the $0.50 support, Pi may decline further and potentially form a new ATL.

However, if the market unexpectedly turns bullish, Pi Network could gain enough momentum to break through the $0.70 resistance. A successful breakout would then require a move toward $0.87 to fully reverse the bearish outlook.

Only then would a new uptrend truly begin to take shape.
#CryptoForBeginners
#CryptoInvestingTips
#LearnCrypto
#BeginnerCryptoGuide
#HowToInvestInCrypto

Видео 🔍 Rising Doubts Despite Mild Recovery for Pi Network канала Crypto Coach