Forecast for Pi Network (PI) Value in the Coming Week

Over the past week, the Pi Network has seen a significant surge in its price, which almost tripled from $0.6 to nearly $1.7. However, a pullback is anticipated due to the rapidity of this rise. If the resistance at $1.7 cannot be broken, then the PI might drop to the $1.4 support level.

The daily RSI indicates that PI's native token is in the overbought region, suggesting a correction might be forthcoming with $1.4 and $1 as potential support levels to halt further decline. The impressive rally was fueled by an exponential increase in buy volume, which was unprecedented since the price hit rock bottom in early April at $0.4.

Despite the bullish trend, caution is advised as sustaining such a rally over a prolonged period can be challenging.