Technical resistance at MA-50 — Pi Network slips 7.84%

Technical resistance at MA-50 — Pi Network slips 7.84%
Pi Network slides 7.84% today

Pi Network (PI) is currently priced at $0.2534, which is above the MA-20 at $0.2132, signaling short-term buying interest. However, it remains below the MA-50 at $0.2658 and well beneath the MA-200 at $0.474, highlighting ongoing medium- and long-term selling pressure.

PI price prediction
24H -3.65%
$0.1242
48H -4.73%
$0.1228
7D -12.1%
$0.1133
1M -32.66%
$0.0868
3M -37.94%
$0.08
6M -55.86%
$0.0569
12M -53.45%
$0.06
Current price: $ 0.1289 0.0013 1.04%
Real-time Data 04:36
Daily range 0.129 Arrow from to Icon 0.1313
Weekly range 0.1180 Arrow from to Icon 0.1454
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Highlights

  • Pi Network (PI) trades at $0.2534, above MA-20 but below MA-50 ($0.2658) and MA-200 ($0.474), reflecting persistent medium- and long-term selling pressure.
  • Protocol v23 launch on testnet enables smart contracts, plus strategic OpenMind investment and ISO 20022 implementation drive ecosystem development and interoperability.
  • PI declined 7.84% from the previous close and is forecast to trade between $0.1876 and $0.2584 next week, with weak sentiment and low probability of sustained price recovery.

Ecosystem confidence rises as Pi launches smart contracts and expands

Pi Network has activated Protocol v23 on its testnet, introducing smart contract capabilities that have significantly bolstered trust among holders. Additional ecosystem advancements include a strategic investment in OpenMind, aimed at developing decentralized operating systems for robots and AI, while efforts to implement ISO 20022 standards are enhancing interoperability and network appeal. The project's focus on real-world applications and community engagement continues to support its evolving ecosystem.

Bearish momentum persists as mixed indicators test technical support

For technical levels, the near-term Ichimoku Kijun support sits at $0.2307, and resistance is expected at the MA-50 level of $0.2658. Daily momentum signals are mixed: the MACD and ADX indicate strong selling pressure, with both RSI and CCI in overbought territory and risk of reversal; Stochastic RSI is also overbought, while the BBP is neutral, suggesting no clear intraday trend. The Awesome Oscillator has turned positive, providing some support for recent short-term gains, although this diverges from the generally bearish trend. Currently, PI trades near the lower end of today's range and has declined 7.84% from the previous close, confirming persistent downside pressure and weak sentiment.

Rangebound outlook favored as bullish triggers remain absent

For the coming week, PI is expected to trade between $0.1876 and $0.2584, averaging near $0.2230. The probability of a sustained price increase is low, given a lack of weekly 'Buy' signals from trend indicators such as RSI, ADX, MACD, and MA-50. The base scenario calls for sideways movement within this corridor, with a bullish reversal only likely if PI moves decisively above $0.2658. If PI falls below $0.2307, the bearish scenario would be confirmed, exposing the lower end of the weekly projected range.

Anton Kharitonov, expert at Traders Union, notes that despite recent real-world developments and protocol upgrades, Pi Network (PI) continues to face strong technical headwinds as both medium- and long-term indicators remain bearish. Kharitonov sees persistent downside pressure, with mixed momentum and overbought signals indicating heightened reversal risk rather than genuine enthusiasm. The analyst maintains a defensive stance, highlighting narrow range expectations and the need for PI to decisively reclaim $0.2658 before any bullish outlook is warranted. "Base case remains sideways to slightly lower unless $0.2658 is reclaimed — for now, caution is paramount."

Previously it was noted that new DeFi features, such as a DEX and AMM pools, had been launched on the testnet to support developer innovation. The asset continued to face steep market challenges, with an $18 billion decline in market value over the past six months, leading to heightened investor caution.

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.
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