Forecast for Pi Network's (PI) Valuation for the Current Week

The Pi Network (PI) is currently experiencing a downturn, with prices reaching lower lows, a trend likely influenced by the overall bearish sentiment in the market. Despite a significant rise in May, PI's price has retraced its steps in June, losing support at 52 cents and finding major support at 40 cents. The Relative Strength Index (RSI) suggesting oversold conditions, indicating that sellers may be running out of steam, potentially paving way for buyers.

However, without an increase in buy volume, a reversal is improbable. An analysis of the volume reveals a dominance by sellers with 70% of the days in June ending in red. As long as this trend persists, PI's price will need to decrease further to attract buyers, with the area between 50 and 40 cents being a likely candidate for a potential reversal.