- Pi Network remains below the $1.00 mark as bearish indicators like the MACD and Sharpe Ratio suggest continued downward pressure.
- While a breakout above $0.87 could shift sentiment, current market conditions leave the price direction uncertain.
The Pi Network has been treading water, with its price lingering below the critical $1.00 mark despite early signs of recovery. Starting the month with a slow upward trend, Pi Network sparked hope among investors. However, the rally soon faded due to insufficient bullish signals and persistent market uncertainty.
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Bearish Indicators Dominate Pi Network Outlook
At present, Pi Network is priced at around $0.78—still nearly 27% below the psychologically significant $1.00 target. The failure to build sustained upward pressure has left the altcoin stuck in a neutral zone, where it lacks the strength to either break out or collapse entirely.
Key technical indicators suggest the downward pressure may continue. The Moving Average Convergence Divergence (MACD) chart shows a red bar along with a continuing bearish crossover. This combination typically signals that the market is still in decline. As long as this pattern holds, the likelihood of a breakout remains slim.
Sharpe Ratio Shows Growing Risk
Adding to the bearish sentiment is the Sharpe Ratio, which measures risk-adjusted returns. Currently sitting at -6%, the ratio indicates more losses than gains for investors, and while it hasn’t hit the historical reversal trigger of -19%, the trend remains negative. This level of risk discourages fresh inflows, keeping the price suppressed.
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Possible Scenarios Ahead
If market conditions remain unfavorable, Pi Network could test the lower support level around $0.71. A drop to this range would likely reflect increased investor caution and could stall any near-term recovery hopes.
However, there’s still a path forward. If the broader crypto market turns bullish—especially if Bitcoin reaches a new all-time high—Pi Network could ride that wave. A breakout above the resistance at $0.87 would invalidate the current bearish structure and could send the price climbing toward $1.00.
Until then, Pi Network remains caught in a holding pattern. Investors are watching closely, but with bearish signals outweighing the bullish, the road to $1.00 still looks distant.
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