🔮 What’s Next for Pi Network? — Big Move or Just More Waiting?

PI trades at $0.728 with fading momentum and bearish Ichimoku Cloud patterns suggesting overhead resistance.

After peaking at 8.71 earlier in the week, BBTrend indicator falls to -1.85.

If PI breaks $0.728 support, it might fall to $0.659 or $0.572 without buyer support.

Pi Network (PI) has been consolidating below $0.80 for three days, barely above a crucial support level. The BBTrend momentum gauge became negative and the Ichimoku Cloud remains bearish.

As bulls battle to recover control as sellers test adjacent supports, the market seems indecisive. PI's next move might shape the weeks ahead with resistance levels hanging above and short-term momentum diminishing.

PI Struggles as Bearish Cloud Dominates Chart
PI's Ichimoku Cloud chart is bearish. Price activity below the red cloud (Kumo) indicates a negative trend.


Since there has been no obvious breakout in recent sessions, these lines are flat, indicating market hesitation.

Looking forward, the heavy, crimson cloud suggests significant opposition.

Until a decisive breakthrough above the cloud with Tenkan-sen and Kijun-sen support, sellers prevail.

After being positive between May 22 and 26, Pi Network's BBTrend (Bollinger Band Trend) indicator is now -1.85.

However, the current change into the negative zone suggests increased bearish pressure, weakening the uptrend and perhaps entering a consolidation or correction phase.

With PI's BBTrend at -1.85, the market is losing bullishness. The price may stay under pressure or fall unless momentum reverses rapidly.

The cryptocurrency is trading at $0.728, a short-term floor. If this support collapses, PI price might fall below $0.659.

Should PI recover momentum and buying interest, $0.869 is the first barrier to monitor.

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