Will Pi Network price recover?| Credit: Hameem Sarwar
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Key Takeaways
PI holds around $0.36 support, but repeated retests show buyer weakness.
Despite a Fed rate cut, PI has failed to benefit, weighed down by low demand.
The EMA and $0.38 zone remain strong barriers blocking any price rebound.
Pi Network (PI) has stabilized after weeks of steady decline, but its price remains near recent lows.
Despite optimism in global markets following the Federal Reserve rate cut yesterday, PI’s price shows little sign of capitalizing on the broader risk-on sentiment.
Instead, the price action remains weak, and the lack of demand may weigh heavily on the cryptocurrency’s outlook.
Pi Network at Make-or-Break
At the time of writing, PI’s price holds around the $0.36 support zone, which has acted as a floor during multiple sell-offs. However, repeated retests of this region suggest that buyer strength is thinning.
On the upside, the nearest resistance lies near $0.38, but momentum indicators do not support a swift rebound. The Money Flow Index (MFI) has turned downward, indicating that buying pressure is fading.
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Meanwhile, the 20-day Exponential Moving Average (EMA) is trending downward, firmly capping PI’s recovery attempts and acting as strong resistance.
On top of that, the chart shows PI forming a rising wedge, a bearish pattern that signals weakening momentum and the potential for a breakdown if selling pressure increases.
If PI’s price can close decisively above its short-term EMA, the cryptocurrency risks further consolidation or another correction.
Ordinarily, a Fed rate cut should inject liquidity into risk assets like equities and cryptocurrencies. Yet, PI’s price struggles appear driven more by internal weakness than macroeconomic relief.
Unlike leading cryptos that quickly benefit from global liquidity shifts, PI remains weighed down by thin trading volume and fading speculative interest.
Even if market-wide risk appetite improves, the token’s lack of strong demand drivers could blunt any positive spillover.
In short, macro easing alone may not be enough to reverse PI’s prolonged downtrend — renewed interest or a clear catalyst will likely be needed to turn sentiment around.
However, chatter around Pi Network remains active, but sentiment is increasingly cautious. Holders are wary that stabilization near current lows might precede another leg down.
At the same time, speculative traders appear hesitant to commit fresh capital without clear breakout signals.
This divergence between a supportive community and cautious trading activity highlights the core challenge for PI’s price.
PI Price Demand Looks Weak
The daily chart shows that the Pi Network price is trading in a descending triangle and has yet to break above the resistance line.
Amid this, the Ichimoku Cloud is below PI’s price, indicating strong resistance that could drive lower lows for PI.
Should that be the case, PI’s market value might decline to $0.32. However, the altcoin could experience recovery, and the token could rise to $0.64.
In a highly bullish market condition, PI might rise as high as $0.83. In conclusion, Pi Network’s price may be holding steady near lows, but the underlying picture remains fragile
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
