Pi Network (PI) has experienced a moderate increase of 5% over the past week, despite a decline of more than 17% over the last 30 days. This recovery has brought some relief, but has not yet turned into a clear bullish reversal.
The price is currently consolidating between key levels, with technical indicators such as the Ichimoku cloud, the relative strength index (RSI), and the exponential moving average (EMA) indicating uncertainty. Whether this consolidation leads to a breakout or further decline may depend on how PI reacts to resistance at $0.68 and support at $0.617 in the upcoming sessions.
The Ichimoku indicator indicates uncertainty for PI.
Pi Network is trading within the red Ichimoku cloud, reflecting uncertainty and a lack of strong directional bias.
The price is between the red baseline (Kijun-sen) and just above the blue conversion line (Tenkan-sen), indicating weak short-term momentum, but without a clear breakout.
The presence of the red cloud indicates that the prevailing trend is still somewhat bearish, and price dynamics within the cloud usually signal consolidation or neutrality. However, looking ahead, the cloud is shifting to green, suggesting that sentiment may begin to change.
The green cloud ahead indicates a potential bullish shift, but only if the price can break above the cloud with strong continuation.
A decisive move above the cloud will support a trend reversal, while a deviation and movement below the Tenkan-sen and Kijun-sen will intensify bearish pressure.
The PI RSI indicator is declining: What will happen next?
The relative strength index (RSI) of the Pi Network is currently at 51.41, having decreased from a high of 70 just two days ago.
This decline reflects a noticeable cooling of momentum, as the asset has moved from nearly overbought territory to more neutral levels.
The RSI measures the speed and magnitude of recent price changes to assess overbought or oversold conditions. Values above 70 are generally considered overbought, while below 30 are considered oversold. An RSI of 51.41 places PI right in the middle of the range, indicating that neither buyers nor sellers currently have a clear advantage.
This neutral value often coincides with a consolidation phase, when the price stabilizes before determining its next direction. If the RSI starts to rise again, it may indicate a recovery of bullish momentum.
On the other hand, a further drop to 40 or below may signal increasing weakness and open the way for a deeper pullback.
PI is consolidating — is a breakout expected?
The price of Pi Network has been consolidating over the past few days, currently trading in a range defined by resistance at $0.68 and support at $0.61.
This sideways movement is reflected in the EMA lines, which are closely spaced — a classic sign of low volatility and lack of strong directional momentum.
The market seems to be waiting for a decisive push from buyers or sellers before transitioning to a new trend. Until then, PI remains in wait mode, with price dynamics stuck between key levels. If bullish momentum returns, a breakout above $0.68 may signal the start of a new rally.
In this case, the next resistance levels to watch are $0.789 and $0.85. If the upward trend strengthens, PI may aim for $1.04 — this would be its first move above $1 since March 23.
However, a breakout below support at $0.617 may lead to a resurgence of bearish pressure, with potential target levels for decline at $0.59 and $0.54.