- Pi Network is trading near $0.55, with technical indicators like the RSI and squeeze momentum suggesting a potential price recovery.
- However, failure to hold the $0.51 support could push the price closer to its all-time low of $0.40.
Pi Network is trading near $0.55, sparking debate over whether a price recovery is forming or if another all-time low is looming. The altcoin is just 28.5% away from its historic bottom of $0.40, reached last week, and investors are watching closely for signs of stability or deeper losses.
Oversold Conditions Signal a Potential Rebound
Technical indicators are painting a cautiously optimistic picture. The Relative Strength Index (RSI) currently sits at 35—just above the oversold threshold of 30. This level has historically triggered recoveries, including a bounce seen in early April. If this pattern repeats, PI could see renewed buying interest that pushes the price upward.
Bullish Pressure Builds on Squeeze Momentum Indicator
The squeeze momentum indicator is showing black dots—a sign of price consolidation. Meanwhile, green bars on the histogram are growing, suggesting that bullish pressure is building. This combination points to a potential breakout, especially if the squeeze releases to the upside. Should that happen, Pi Network may see a swift surge, supported by rising volatility.
Resistance and Support Zones Will Decide the Next Move
For a recovery to take shape, PI must reclaim $0.57 as a support level. A successful break could lead to a rally toward $0.61, and potentially even $0.71, marking a substantial reversal from current levels. On the other hand, if Pi Network fails to hold $0.51, a drop to $0.45—and possibly to $0.40—is on the table.
What’s Next for Pi Network?
The coming days will be pivotal for Pi Network. If market conditions stabilize and bullish signals follow through, the altcoin may dodge another all-time low and instead begin a recovery. However, failure to defend key support levels could drag the price deeper, unsettling investors once again.
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